Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 21.65% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.89 would be kept by the premium seller. The risk of $4.11 would be incurred if the stock rose above the $80.00 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 35.73 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 CORP Financials
Fri, 14 Nov 2014 18:04:24 GMT
Apache Corporation Announces The Financial Results For Q3 2014
Fri, 14 Nov 2014 17:50:03 GMT
Benzinga Weekly Preview: Retail In Focus
Sun, 09 Nov 2014 00:44:37 GMT
10-Q for Apache Corp.
Sun, 09 Nov 2014 00:07:47 GMT
Shale Drillers Idle Rigs From Texas to Utah Amid Oil Rout
Sat, 08 Nov 2014 01:00:00 GMT
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