Apache (APA) Offering Possible 21.36% Return Over the Next 20 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $25.00 short call and a strike $30.00 long call offers a potential 21.36% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.88 would be kept by the premium seller. The risk of $4.12 would be incurred if the stock rose above the $30.00 long call 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 down which suggests that the medium-term momentum for Apache is bearish.

The RSI indicator is at 31.53 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

Earnings Preview: Apache (APA) Q2 Earnings Expected to Decline
Wed, 24 Jul 2019 14:32:02 +0000
Apache (APA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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Altus Midstream Company to Host Second-Quarter 2019 Results Conference Call August 1 at 1 p.m. Central Time
Thu, 18 Jul 2019 22:39:27 +0000
HOUSTON, July 18, 2019 — Altus Midstream Company (Nasdaq: ALTM) (“Altus”) will host its second-quarter 2019 results conference call Thursday, Aug. 1, 2019, at 1 p.m. Central.

Apache Completes Midcon Asset Sales; Provides Second-Quarter Supplemental Information and Schedules Results Conference Call for August 1, 2019, at 10 a.m. Central Time
Thu, 18 Jul 2019 22:34:00 +0000
Apache Corporation (NYSE, NASDAQ: APA) today announced the completion of asset sales in the midcontinent and provided supplemental information regarding certain second-quarter 2019 financial and operational results. In May and July, Apache closed the sale of noncore assets in two separate transactions, comprising $612 million of net proceeds, subject to customary closing adjustments.  A portion of the proceeds from these asset sales was used to retire $150 million of bonds that matured in early July. The asset sales reflect the company’s exit from the Western Anadarko Basin and the previously announced exit from the SCOOP/STACK play.

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Thu, 18 Jul 2019 13:57:00 +0000
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