Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 5.04% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock dropped below the $77.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apache is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apache is bullish.
The RSI indicator is at 57.47 level which suggests that the stock is neither overbought nor oversold at this time.
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
Taiwan pilots hurt as Apache chopper crash-lands on building
Fri, 25 Apr 2014 09:03:32 GMT
Taiwan pilots injured as chopper crashes into building
Fri, 25 Apr 2014 05:02:39 GMT
Is It The Right Time To Buy Apache?
Thu, 24 Apr 2014 10:16:48 GMT
Apache Sees Opportunity in 2014 and Beyond
Wed, 23 Apr 2014 17:02:16 GMT
3 Shale Basins In The Americas Important For Chevron (Part 2)
Wed, 23 Apr 2014 10:00:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook