Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $64.50 short call and a strike $69.50 long call offers a potential 40.06% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.50 by expiration. The full premium credit of $1.43 would be kept by the premium seller. The risk of $3.57 would be incurred if the stock rose above the $69.50 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 55.02 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
American employees will get 4 percent raise; pilots are on course for arbitration
Tue, 23 Dec 2014 20:37:57 GMT
Bargain names for 2015
Tue, 23 Dec 2014 17:41:00 GMT
APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Fri, 19 Dec 2014 18:25:11 GMT
Apache Recognized For Innovative Water Conservation Efforts In College Station
Fri, 19 Dec 2014 13:21:40 GMT
noodls – HOUSTON, Dec. 19, 2014 /PRNewswire/ — On Dec. 18, Apache Corporation was recognized as the Industrial Groundwater Conservationist of the Year by the Brazos Valley Groundwater Conservation District. The …
Apache Recognized For Innovative Water Conservation Efforts In College Station
Fri, 19 Dec 2014 13:00:00 GMT
PR Newswire – HOUSTON, Dec. 19, 2014 /PRNewswire/ — On Dec. 18, Apache Corporation was recognized as the Industrial Groundwater Conservationist of the Year by the Brazos Valley Groundwater Conservation District. Apache collaborated with the City of College Station and the Texas Commission on Environmental Quality to procure effluent (highly treated wastewater) produced by the City of College Station to supply its drilling operations. The company has also committed to build new storage and treatment facilities that will further treat the wastewater from College Station's sanitation treatment plant, then store it until it's ready to be transported via pipe to the company's drilling sites. John Christmann, Apache's executive vice president and chief operating officer of North America, commented, “Apache is honored to be recognized for our efforts in College Station to reduce our groundwater needs.
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