Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $65.50 short call and a strike $70.50 long call offers a potential 28.21% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock rose above the $70.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Apache is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Apache is bearish.
The RSI indicator is at 28.5 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Apache
An overview of Apache Corporation’s oil and gas asset sales
Wed, 03 Dec 2014 17:36:29 GMT
Amid Falling Oil Prices, an Opening to Buy This High-Quality E&P Stock
Wed, 03 Dec 2014 12:00:00 GMT
Apache downgraded by Mizuho
Tue, 02 Dec 2014 10:24:46 GMT
Cue Some Docker Tensions. Arise The First Of The Breakaway Container Solutions
Tue, 02 Dec 2014 00:20:00 GMT
Forbes – The Docker initiative has been a copy book example of how open source projects should work. No big brother there to dictate terms, no breakaway members doing their own thing. It really has been (until now) a happy and communal sort of a place. That appears to no longer be
Apache Falls 11% on OPEC Decision, Touches 52-Week Low
Mon, 01 Dec 2014 18:20:16 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook