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 $105.00 long call offers a potential 16.82% return on risk over the next 9 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 $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock rose above the $105.00 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 49.97 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
Why Apache’s valuations have been lagging its peers
Wed, 06 Aug 2014 21:00:14 GMT
Apache drives shareholder value with repurchases and dividends
Wed, 06 Aug 2014 17:00:14 GMT
Apache, AGCO are Deeply Undervalued Says Third Ave Value Manager
Wed, 06 Aug 2014 15:24:00 GMT
Apache’s second quarter production is driven by the Permian Basin
Wed, 06 Aug 2014 13:00:14 GMT
Apache’s liquefied natural gas projects in Canada and Australia
Tue, 05 Aug 2014 22:21:05 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook