Apache (APA) Offering Possible 9.41% Return Over the Next 15 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $29.00 short call and a strike $34.00 long call offers a potential 9.41% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $29.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $34.00 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 below 20 which suggests that the stock is in oversold 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

Apache Corporation Provides Fourth-Quarter Supplemental Information and Schedules Results Conference Call for Feb. 27, 2020, at 10 a.m. Central Time
Thu, 23 Jan 2020 23:08:35 +0000
HOUSTON, Jan. 23, 2020 — Apache Corporation (NYSE, NASDAQ: APA) today provided supplemental information regarding certain fourth-quarter 2019 financial and operational.

Hess and 5 More Energy Stocks That Could Cut Their Dividends, According to an Analyst
Wed, 22 Jan 2020 21:13:00 +0000
Two oil-and-gas companies have cut their payouts in the past month. A new report attempts to predict which others could do the same in the months ahead.

Fortune Names Apache Corporation One of the World’s Most Admired Companies
Tue, 21 Jan 2020 16:10:10 +0000
Apache Corporation (NYSE, Nasdaq: APA) has been named by FORTUNE magazine as one of the World’s Most Admired Companies. It’s through their hard work and dedication that we provide value for our stakeholders while elevating lives around the globe through the energy people need to live and thrive. The complete list of Most Admired Companies can be found online at http://fortune.com/worlds-most-admired-companies.

How Important Is The Suriname Oil Discovery?
Sat, 18 Jan 2020 18:00:00 +0000
Guyana has been the offshore success story of 2019, and Suriname could be the story of 2020 after Apache and Total made a significant discovery of both oil and condensate off its coast

Yes, You Can Time the Market. Find out How – January 17, 2020
Fri, 17 Jan 2020 14:33:02 +0000
Is the ability to time the markets more of a data-driven science or a 'gut – feeling' art?

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