Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 9.89% 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 $92.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $97.50 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 62.64 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
Can Activist Investing Boost Shares of This Canadian Energy Producer?
Sat, 17 May 2014 14:30:09 GMT
Apache Hikes Share Repurchase Plan
Fri, 16 May 2014 19:00:11 GMT
APACHE CORP Financials
Fri, 16 May 2014 17:04:27 GMT
Insider Trading Alert – APA, ALOG And MM Traded By Insiders
Fri, 16 May 2014 16:16:00 GMT
APACHE CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
Fri, 16 May 2014 13:15:01 GMT
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