Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.11% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $92.50 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
Kinder Morgan Energy Partners Again Leads Best Value Bond Trades Of 20 Years Or More
Mon, 23 Jun 2014 16:37:57 GMT
Apache shares could rise 20 percent – Barron's
Sun, 22 Jun 2014 17:07:41 GMT
Barron's Recap: 50 Best Annuities
Sun, 22 Jun 2014 16:11:39 GMT
[$$] Re-Energizing Apache
Sat, 21 Jun 2014 06:44:00 GMT
Apache Holds Steady As Top Texas Oil Producer With Value
Tue, 17 Jun 2014 09:55:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook