Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 23.15% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock rose above the $67.50 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 24.61 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
N. Sea Forties Echo platform shut after collision – Apache
Mon, 16 Mar 2015 17:27:11 GMT
N. Sea Forties Echo platform shut after collision – Apache
Mon, 16 Mar 2015 17:27:11 GMT
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Sat, 14 Mar 2015 16:52:06 GMT
Egypt hails Arabs' $12 bn pledge as support for Sisi
Sat, 14 Mar 2015 16:28:12 GMT
Arab states pledge billions at Egypt investment meet
Sat, 14 Mar 2015 06:13:05 GMT
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