The Market Perspective: Anadarko Collapses 8.5% Wed Morning

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May 03, 2017

Anadarko Collapses 8.5% Wed Morning

Wed May 3, 2017

I have been suggesting that Anadarko APC and Apache APA would take the lead in forecasting near term action in energy.

So much for support at 60! Let's take a longer look.

Just eye balling I would say 45 and then 30 but once free falls like this begin they generally take no prisoners.

Here is a comment from The Street noting that on balance volume peaked in January.

http://realmoney.thestreet.com/articles/05/03/2017/anadarko-petroleum-still-waiting-some-bullish-clues?puc=yahoo&cm_ven=YAHOO&yptr=yahoo

Posted at 10:17 AM in Energy | Permalink

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