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

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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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