Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $96.00 short call and a strike $101.00 long call offers a potential 26.58% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $96.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock rose above the $101.00 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 31.78 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
3 Stocks Boosting The Basic Materials Sector Higher
Tue, 23 Sep 2014 17:03:00 GMT
Apache Corporation Announces The Results For The Last Quarter
Mon, 22 Sep 2014 15:55:45 GMT
Hercules Down After Parking Another Rig in Gulf Slowdown
Thu, 18 Sep 2014 16:59:16 GMT
Apache Declares Cash Dividend On Common Shares
Thu, 18 Sep 2014 13:00:00 GMT
PR Newswire – HOUSTON, Sept. 18, 2014 /PRNewswire/ — The Board of Directors of Apache Corporation (NYSE, Nasdaq: APA) has declared regular cash dividend on the company's common shares. The dividend on common shares …
Apache (APA) May Sell Alberta Oil & Gas Properties for $840M
Wed, 17 Sep 2014 16:40:02 GMT
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