Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $73.50 short call and a strike $79.00 long call offers a potential 44.36% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $73.50 by expiration. The full premium credit of $1.69 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock rose above the $79.00 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
Exxon-Apache Pair Trade Poised for 11-Year High
Fri, 17 Oct 2014 09:01:03 GMT
Despite washout, hedge funds not bailing on energy
Wed, 15 Oct 2014 19:50:03 GMT
APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Wed, 15 Oct 2014 10:00:12 GMT
Apache's CFO resigns after eight-month stint
Tue, 14 Oct 2014 21:33:39 GMT
Apache Announces Resignation Of Chief Financial Officer Alfonso Leon, Appoints Interim Chief Financial Officer
Tue, 14 Oct 2014 20:56:42 GMT
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