Apache (APA) Offering Possible 6.84% Return Over the Next 15 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 6.84% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock dropped below the $72.50 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 33.75 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

APACHE CORP Financials
Fri, 07 Mar 2014 18:04:13 GMT

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Thu, 06 Mar 2014 11:00:00 GMT

The Zacks Analyst Blog Highlights: BP, Chesapeake Energy, Apache, Forest Oil and EOG Resources
Wed, 05 Mar 2014 13:55:12 GMT

APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers
Tue, 04 Mar 2014 21:57:18 GMT

Royal Dutch Shell PLC and Chevron Should Be Slightly Scared of Argentina's Shale
Tue, 04 Mar 2014 00:02:00 GMT

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