Apache Offering Possible 10.38% Return Over the Next 8 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 10.38% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock rose above the $92.50 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 below 20 which suggests that the stock is in oversold 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

Where ConocoPhillips Plans to Spend its Money
Fri, 13 Dec 2013 13:50:29 GMT
Motley Fool – A closer look at how ConocoPhillips plans to allocate its 2014 capital budget.

Citigroup Downgrades Apache, Marathon Oil on Valuation
Thu, 12 Dec 2013 18:32:00 GMT
Barrons.com – It's a “Goldilocks Era” for oil exploration & production companies. But even for Goldilocks, the bears sometimes win out. That's the case for Apache (APA) and Marathon Oil (MRO), which were downgraded …

Apache downgraded to Neutral from Buy at Citigroup
Thu, 12 Dec 2013 11:24:46 GMT
theflyonthewall.com – Apache downgraded to Neutral from Buy at Citigroup

APA Crosses Critical Technical Indicator
Wed, 11 Dec 2013 20:58:00 GMT
Forbes – In trading on Wednesday, shares of Apache Corp. (NYSE: APA) entered into oversold territory, changing hands as low as $86.14 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. […]

CEPSA farms into Suriname Block 53
Wed, 11 Dec 2013 18:19:01 GMT
noodls – Download PDF HOUSTON, Dec. 11, 2013 — Apache Corporation said today that CEPSA Suriname S.L., a Spanish company, has farmed in to a 25-percent participating interest in Suriname's Block 53, a 867,117-acre …

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