Anadarko Petroleum (NYSE: APC) Bright Light in a Dark Market Says Market Timer Frank Kollar
November 13, 2008 (FinancialWire) (By Frank Kollar)
Shares of Anadarko Petroleum (NYSE: APC) pulled back on Wednesday, November 12 as the stock market again declined losing triple digits.
But over the past three weeks, Anadarko has tacked on some 17% and appears to be headed higher still.
We are looking for Anadarko to reach at least $44.00 in coming weeks. A close above this level would result in a run to at least $48.61.
The Fibtimer.com (http://www.fibtimer.com) Stock Timing Strategy has a position in Anadarko Petroleum.
Kollar is editor and chief analyst at FibTimer.com (http://www.fibtimer.com) which offers market timing strategies for S&P and Nasdaq index fund traders, as well as bond, gold, small cap, sector, ETF and stock trading strategies.
Kollar’s research has shown that the financial markets are in tradable trends approximately 80 percent of the time. FibTimer strategies define trends and trade them in both advancing and declining markets. Caring nothing about what newscasters say or what the latest economic indicator predicts, trends are where the profits are, and that is where FibTimer is.
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