Monday, 18 July 2016

APC - battling broadly upward

Along with the main market, Anadarko Petroleum (APC) has been battling broadly higher since a low of $28.10 in January, settling Monday +0.2% @ $55.10. The breakout 'up and away' threshold remains $58. If broken/held above, next level is $75 which seems viable before year end.

APC, daily

APC, monthly


Suffice to add, APC, like most other energy stocks has seen a massive rebound since opening low this year. Many - including APC, have already doubled up.

However, APC is still less than half of the summer 2014 peak ($110.92).

**Next earnings are due at the close of Tuesday July 26th.

*yours truly is long APC, seeking broad upside, at least into mid September.