Apache (APA) Offering Possible 6.84% Return Over the Next 8 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $96.00 short put and a strike $91.00 long put offers a potential 6.84% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $96.00 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 $91.00 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 above 80 which suggests that the stock is in overbought 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

Cramer: Reliable trader ‘tell' surfaces in Apache
Thu, 12 Jun 2014 22:25:01 GMT

Jim Cramer and Stephanie Link Talk Anadarko Petroleum
Thu, 12 Jun 2014 17:30:00 GMT

Apache price target raised to $118 from $103 at Argus
Thu, 12 Jun 2014 11:35:09 GMT

RPT-Canada builds LNG army for West Coast, may come up short
Thu, 12 Jun 2014 11:00:00 GMT
Reuters – The Canadian province of British Columbia is on the brink of a liquefied natural gas boom, but a shortfall of thousands of workers is imperiling billions in investment dollars. To meet industry needs, British Columbia has promised to build an army of workers, but competition from rival projects, an aging workforce, and tight timelines could mean conditions are ripe for the same sharp cost overruns that cut short a similar energy boom in Australia. Provincial workforce projections reviewed by Reuters show that the province could face a shortage of nearly 12,000 skilled workers to staff the most in-demand trade jobs at peak LNG construction. Foreign workers could ease some of that strain, but Canada clamped down on its controversial temporary foreign worker program after a spate of recent abuses, raising the risks projects might not fill jobs quickly and easily.

Canada builds LNG army for West Coast, may come up short
Thu, 12 Jun 2014 05:05:49 GMT

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