Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $57.00 short call and a strike $62.00 long call offers a potential 29.87% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $62.00 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 below 20 which suggests that the stock is in oversold territory.
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
Equity markets fell…and fell hard (no recovery like yesterday)
Wed, 10 Dec 2014 22:15:00 GMT
Qubole Raises $13M For Its Big Data-As-A-Service Platform
Wed, 10 Dec 2014 14:51:00 GMT
Apache Corp. (APA) Stock Hits One-Year Low as Oil Prices Dip to Five-Year Low
Mon, 08 Dec 2014 18:42:00 GMT
A surprisingly stronger than expected monthly payroll report…
Fri, 05 Dec 2014 21:25:00 GMT
Apache’s 2015 plan: Increased onshore North American production
Fri, 05 Dec 2014 21:00:36 GMT
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