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Symbol Sentiment Start Return Closed APC n/a Via BloggingStocks:   Filed under: Major movement, Bad news, Options, Technical Analysis, Anadarko Petroleum (APC), Commodities, Oil Anadarko Petroleum (NYSE: APC - option chain) stock is trading lower today the company said a well off the coast of the Ivory Coast revealed no hydrocarbons. APC had drilled to a total depth of approximately 14,900 feet in about 6,100 feet of water. Even a lift in crude oil prices to another year high is not enough to keep APC from falling 5% on this news. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on APC. This morning, APC opened at $65.58. So far today the stock has hit a high of $67.20 and a low of $64.85. As of 11:45, APC is trading at $65.62, down $3.74 (-5.4%). The chart for APC looks neutral and S&P gives APC a neutral 3 STARS (out of 5) hold ranking. Continue reading Anadarko Petroleum (APC) comes up empty off of Ivory Coast Anadarko Petroleum (APC) comes up empty off of Ivory Coast originally appeared on BloggingStocks on Thu, 15 Oct 2009 12:50:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments   Read the rest of original post »

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