Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 7.76% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $4.64 would be incurred if the stock dropped below the $75.00 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 at 69.44 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
Lockheed Martin's Apache Helicopter Gets a $92 Million Upgrade
Sun, 23 Feb 2014 18:02:11 GMT
Lockheed Martin Receives $92 Million U.S. Army Apache Targeting and Pilotage System Sustainment Contract
Thu, 20 Feb 2014 14:06:33 GMT
noodls – ORLANDO, Fla., Feb. 20, 2014 – Lockheed Martin [NYSE: LMT] received a $92 million Performance Based Logistics (PBL) contract in December 2013 from the U.S. Army for sustainment of the AH-64 Apache helicopter …
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