Anadarko Petroleum $APC Technical Update
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Weak | Neutral | Strong |
| P1 | 71.77 | 70.21 | 59.92 |
| P2 | 72.64 | 72.86 | 75.19 |
| P3 | 73.44 | 75.48 | 90.41 |
Support and Resistance Plot Chart for APC
Long Term Trading Plans for APC
August 8, 2019, 11:30 pm ET
The Technical Summary and Trading Plans for APC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this APC Report.
APC - (Long) Support Plan
The technical summary data tells us to buy APC near 59.92 with an upside target of 75.19. This data also tells us to set a stop loss @ 59.66 to protect against excessive loss in case the stock begins to move against the trade. 59.92 is the first level of support below 72.77 , and by rule, any test of support is a buy signal. In this case, support 59.92 would be being tested, so a buy signal would exist.
APC - (Short) Resistance Plan
The technical summary data is suggesting a short of APC as it gets near 75.19 with a downside target of 59.92. We should have a stop loss in place at 75.45 though. 75.19 is the first level of resistance above 72.77, and by rule, any test of resistance is a short signal. In this case, if resistance 75.19 is being tested, so a short signal would exist.
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