Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $64.00 short call and a strike $69.00 long call offers a potential 32.28% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.00 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock rose above the $69.00 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 29.28 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
Oil revenue growth slowdown could mean danger for Apache
Thu, 04 Dec 2014 21:01:16 GMT
Apache Downgraded to Sell as Oil Price Concerns Escalate
Thu, 04 Dec 2014 20:00:03 GMT
Permian is key for Apache Corporation
Thu, 04 Dec 2014 17:01:35 GMT
Apache’s focus: Onshore North America
Thu, 04 Dec 2014 13:00:56 GMT
An overview of Apache Corporation’s oil and gas asset sales
Wed, 03 Dec 2014 17:36:29 GMT
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