Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 22.55% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock dropped below the $95.00 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 63.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
Must-know: Apache’s placement compared to its peers
Mon, 25 Aug 2014 21:00:09 GMT
Apache Corp. repositions strategy and finds favor in the market
Mon, 25 Aug 2014 17:00:16 GMT
Why Apache Corp’s investors want to focus “closer to home”
Mon, 25 Aug 2014 13:00:12 GMT
APACHE CORP Files SEC form 8-K/A, Change in Directors or Principal Officers
Fri, 22 Aug 2014 21:00:53 GMT
Insider Trading Alert – APA, RBC And ACHC Traded By Insiders
Fri, 22 Aug 2014 16:15:00 GMT
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