Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 26.58% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $60.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apache is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apache is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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
Apache Seals the Divestiture of its Stake in Kitimat LNG – Analyst Blog
Mon, 13 Apr 2015 16:10:04 GMT
Are Oil Markets Heading Back to the 1980s?
Mon, 13 Apr 2015 04:01:00 GMT
Low Crude Oil Prices Leave Thousands of US Wells Uncompleted
Sun, 12 Apr 2015 13:49:52 GMT
APACHE CORP Files SEC form 8-K/A, Change in Directors or Principal Officers
Fri, 10 Apr 2015 21:02:36 GMT
Apache Completes Sale of Kitimat LNG
Fri, 10 Apr 2015 12:23:26 GMT
noodls – HOUSTON, April 10, 2015 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today announced that it has completed the previously disclosed sale of its 50 percent interest in the Kitimat LNG project …
Related Posts
Also on Market Tamer…
Follow Us on Facebook