Apache Offering Possible 6.16% Return Over the Next 16 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $82.50 short call and a strike $87.50 long call offers a potential 6.16% 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 $82.50 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock rose above the $87.50 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 at 44.09 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

Apache's Shale Oil Push In North America
Thu, 06 Mar 2014 11:00:00 GMT

The Zacks Analyst Blog Highlights: BP, Chesapeake Energy, Apache, Forest Oil and EOG Resources
Wed, 05 Mar 2014 13:55:12 GMT

APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 04 Mar 2014 21:57:18 GMT

Royal Dutch Shell PLC and Chevron Should Be Slightly Scared of Argentina's Shale
Tue, 04 Mar 2014 00:02:00 GMT

APACHE CORP Files SEC form 10-K, Annual Report
Fri, 28 Feb 2014 22:00:41 GMT

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