Anadarko Petroleum and Apache Flashing Death Cross Signals
Anadarko Petroleum (APC) and Apache Corporation (APA) two big energy plays are flashing death cross signals.
When you start seeing death cross signals in specific sector members you have to take notice.
APC 2.87% and APA 2.80% weighting levels in XLE.
Energy is the sector to keep an eye on for now.
Anadarko Petroleum (APC)
Apache Corporation (APA)
The death cross (technical formation when the 50-day moving average drops below the 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.