Apache (APA) Offering Possible 6.04% Return Over the Next 36 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $105.00 short call and a strike $115.00 long call offers a potential 6.04% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $0.57 would be kept by the premium seller. The risk of $9.43 would be incurred if the stock rose above the $115.00 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 41.84 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

Phoenix South-1 Apache Press Release
Mon, 18 Aug 2014 07:01:36 GMT
noodls – … This is an abstract of the original noodl. To continue reading this document, click here for the original version.

[$$] Big Oil Find Off Western Australia
Mon, 18 Aug 2014 05:53:39 GMT

Apache Says Discovery May Herald New Oil Province
Mon, 18 Aug 2014 03:47:08 GMT
Bloomberg – Apache Corp. (APA) , an oil and gas producer, said its first major discovery in Australia’s Canning Basin may herald a new oil province, prompting the shares of its exploration partner to jump the most in 24 years. The Phoenix South-1 well found oil in four locations and measurements from six samples indicate the reservoir may hold as many as 300 million barrels of oil, the Houston, Texas-based producer said today in a statement. “The oil and reservoir quality we have seen point to a commercial discovery,” said Thomas E. Voytovich, Apache executive vice president and chief operating officer international. “If these results are borne out by further appraisal drilling, Phoenix South may represent a new oil province for Australia.”

APACHE CORP Financials
Fri, 15 Aug 2014 17:04:28 GMT

Rosenstein Hedge Fund Value Doubles In Q2; Picks Up FMC, CBS
Thu, 14 Aug 2014 20:27:43 GMT

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