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ANADARCO PETROLEUM
(APC-NYSE):
Technical Viewpoint: From a low
of $52.70 on Oct 15, 2001 prices
rallied, reaching a
high of $61.75
on Oct 29, 2001. A
decline saw prices pull back, reaching a
low of
$54.53 on Nov 11, 2001.
Another rally saw prices penetrate
resistance, closing 11/9/01
at $59.17. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Nov 10, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $56.75. Resistance: Is at $61.50.
Point & Figure: Reversed to the upside on Nov 7, 2001. A P&F upside
reversal takes place at $57.00. Summary: Technical indicators have turned bullish. BUY! ANADARCO PETROLEUM
(APC-NYSE) @ $59.63 Stop: Use a protective stop of $56.88.
ANADARCO PETROLEUM is currently trading @ $59.17 plus $1.57 on Nov 9, 2001. Price Objective:
$74.00. Risk/Reward: $2.75 VS. $17.25. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$74.00
Risk/Reward:
$2.75 VS. $17.25
Risk/Reward Ratio:
6:1
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