Where Andeavor’s Moving Averages Stand before Its 4Q17 Earnings



Andeavor’s moving averages in 2017

Before we look at Andeavor’s (ANDV) latest moving averages position, let’s briefly look at the trend for the past few quarters. In 1Q17, Andeavor’s (ANDV) 50-day moving average stood above its 200-day moving average. 

However, in 2Q17, Andeavor’s 50-day moving average broke slightly below its 200-day moving average but soon crossed over it again. Andeavor’s completion of the Western Refining acquisition could have boosted the stock and its 50-day moving average.

In 3Q17, Andeavor’s 50-day moving average rose as Andeavor’s refining margins rose, led by Hurricane Harvey. In 4Q17, Andeavor’s 3Q17 earnings missed estimates, leading to a decline in the stock. However, Andeavor’s 50-day moving average remained above its 200-day moving average.

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Andeavor’s moving averages since January 2018

Since January 2018, Andeavor’s 50-day moving average has held above its 200-day moving average despite the steep fall in its stock price. Currently, Andeavor’s 50-day moving average trades 11.6% above its 200-day moving average.

Any positive news on earnings could cause Andeavor’s stock to rise and its 50-day moving average to increase, enlarging the gap between its 50-day and 200-day moving averages. However, if Andeavor’s 4Q17 earnings don’t meet market expectations, its stock could fall land its 50-day moving average could slide. 

This trend could increase the chances of ANDV’s 50-day moving average breaching below the 200-day moving average. Andeavor is expected to post its 4Q17 earnings on February 15, 2018.

Peers’ moving averages

Andeavor’s peer HollyFrontier (HFC) also saw its 50-day moving average trade 37.0% above its 200-day moving average. PBF Energy (PBF) and Delek US Holdings (DK) saw their 50-day moving averages stand 27.0% and 24.0%, respectively, above their 200-day moving averages.

Move on to the next part to look at Andeavor stock’s price forecast range before its 4Q17 earnings.


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