Apache (APA) Offering Possible 17.92% Return Over the Next 39 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 17.92% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock dropped below the $82.50 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 at 65.1 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 Appoints Annell R. Bay To Board Of Directors
Wed, 14 May 2014 13:00:00 GMT
PR Newswire – HOUSTON, May 14, 2014 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) today announced the appointment of Annell R. Bay to its board of directors. Bay, 58, recently retired after six years as vice president of Global Exploration at Marathon Oil Co., an independent international energy company. Prior to joining Marathon, she was vice president of Americas Exploration for Shell Exploration and Production Co. and vice president of Worldwide Exploration at Kerr McGee Oil and Gas Corp. Earlier, Bay held positions of increasing responsibility in oil and gas exploration at Shell, Chevron, Sohio, Oryx Energy and Kerr McGee. Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea and Australia.

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