Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $100.00 short call and a strike $110.00 long call offers a potential 21.65% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $100.00 by expiration. The full premium credit of $1.78 would be kept by the premium seller. The risk of $8.22 would be incurred if the stock rose above the $110.00 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 73.85 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
Fracking Bans Spread Even As Science Reduces Perceived Dangers
Thu, 26 Jun 2014 20:31:02 GMT
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Mon, 23 Jun 2014 16:37:57 GMT
Apache shares could rise 20 percent – Barron's
Sun, 22 Jun 2014 17:07:41 GMT
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Sun, 22 Jun 2014 16:11:39 GMT
[$$] Re-Energizing Apache
Sat, 21 Jun 2014 06:44:00 GMT
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