Anadarko Petroleum Corp. (APC) Shares Tick Up after Upgrade at Stifel Nicolaus

Anadarko Petroleum Corp. (NYSE: APC) shares rose in value Thursday Dec 1 with slower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.

Meanwhile, U.S. stocks opened with slight gains on Thursday.

The Dow Jones Industrial Average DJIA, +0.31% rose 38.22 points, or 0.2%, to 19,174, while the S&P 500 SPX, +0.01% added 2.1 points to 2,202, a rise of 0.1%.

The Nasdaq Composite Index COMP, -0.32% rose less than 1 point to 5,323, essentially unchanged on the day.
Analysts at Stifel Nicolaus upgraded shares of Anadarko Petroleum Corp. (NYSE: APC) from Hold to Buy today. Stifel Nicolaus currently has a rating of Buy on the shares. The one-year price target of $73.14 is higher than the opening price of $70.77, causing a number of other analysts to comment on the company in recent days. Looking back over the last 52 weeks, Anadarko Petroleum Corp. stock has a high of $71.10. Typically, after analysts give an upgrade report on a stock, they will later issue sporadic revisions, usually followed by a price target change.

Anadarko Petroleum Corp. (NYSE: APC) shares last traded at $69.53, a jump of $0.38 or 0.55% compared to the previous closing price. Opening at $70.77, they ranged from $68.35 and $71.10 throughout the day.

Anadarko Petroleum Corp. (NYSE: APC) currently has a market cap of 38.86B.

Anadarko Petroleum Corp. (NYSE: APC) Average Daily Trading Volume

The stock’s average daily volume is 5,648,870 shares out of a total float 526,579,000 and some 1,496,176 shares crossed the trading desk yesterday, lower than the average. Momentum traders often use upticks in trading volume to pinpoint large volume aggregation or dissemination by institutional investors, so trading volume is likely to increase in the next few days.

As with all potential breakouts, investors watch for volume to be at least 40%-50% above normal on the breakout to show that fund managers and other professional investors are jumping in.

Institutional sponsorship commonly refers to ownership of a stock by mutual funds, banks, pension funds and other large institutions.

These instituitional investors have teams of analysts researching thousands of stocks. Thus, watching their interests is a good way to make sure you are buying the right stocks.

Anadarko Petroleum Corp. (NYSE: APC) Moving Averages

A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.

This is because the average acts like a floor (support), so the price bounces up off of it.

In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.

By identifying trends, moving averages allow investors to make those trends work in their favor and increase the number of winning trades.

With that in mind, Anadarko Petroleum Corp. (NYSE: APC) now has a 50-day MA of $62.09 and 200-day MA of $56.77. It has traded in a 52-week range between $28.16 – 71.10 and today’s last price is 2.21%% lower than the 52 week high of $71.10.

Earnings growth is an important factor to look at when buying stocks and investors look for companies that have increased their earnings by at least 25% for a 3 year period.

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