Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 7.3% 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 $87.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $92.50 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 53 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Apache
Army general upholds Manning's prison sentence in WikiLeaks case
Mon, 14 Apr 2014 19:43:13 GMT
Reuters – UK Focus – NEW YORK (Frankfurt: HX6.F – news) , April 14 (Reuters) – A U.S. Army general has denied clemency for Chelsea Manning and upheld the former soldier's 35-year prison sentence for providing secret files to WikiLeaks in the biggest breach of classified materials in U.S. history, the Army said Monday. Major General Jeffrey S. Buchanan's decision to uphold the findings of Manning's 2013 court-martial will automatically send the case to the Army Court of Criminal Appeals, an Army statement said. The soldier, formerly known as Bradley Manning, was working as an intelligence analyst in Baghdad in 2010 when she gave the pro-transparency site WikiLeaks 700,000 documents, videos, diplomatic cables and battlefield accounts.
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