Apache Offering Possible 10.13% Return Over the Next 23 Calendar Days

Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 10.13% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock rose above the $90.00 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 at 31.96 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Apache

Apache Canada Belloy Field incident progress update
Thu, 30 Jan 2014 21:11:14 GMT
noodls – Download PDF CALGARY, Jan. 30, 2014 — Apache Canada announced on Jan. 27, 2014, that it has transitioned into a recovery and remediation phase in relation to the produced water release from a water injection …

8:34 am Apache reports new field discoveries, development lease approvals and first horizontal completion in Egypt's Western Desert; Apries-1X, located in the Khalda Offset Concession within the Shushan Basin, tested 4,389 barrels of oil an
Thu, 30 Jan 2014 20:57:36 GMT
Briefing.com – 8:34 am Apache reports new field discoveries, development lease approvals and first horizontal completion in Egypt's Western Desert; Apries-1X, located in the Khalda Offset Concession within the Shushan Basin, tested 4,389 barrels of oil and 14.2 million cubic feet (MMcf) of gas per day from Paleozoic Basur sand

Apache Reports New Field Discoveries, Development Lease Approvals And First Horizontal Completion In Egypt's Western Desert
Thu, 30 Jan 2014 14:09:59 GMT
noodls – HOUSTON, Jan. 30, 2014 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) said today that recent drilling results, approval of three new development leases and expanded natural gas processing facilities …

Oil Prices in 2014 are Set for a Big Drop
Thu, 30 Jan 2014 14:00:00 GMT
Accesswire – Oil and Gas Investments Bulletin / January 30, 2014 / I sat down with Bridgitte Anderson from Cambridge House Live last week to talk LNG catalysts, refineries, why the oil price in North America could …

Apache Reports New Field Discoveries, Development Lease Approvals And First Horizontal Completion In Egypt's Western Desert
Thu, 30 Jan 2014 13:30:00 GMT
PR Newswire – HOUSTON, Jan. 30, 2014 /PRNewswire/ — Apache Corporation (NYSE, Nasdaq: APA) said today that recent drilling results, approval of three new development leases and expanded natural gas processing facilities in the West Kalabsha area have set the stage for continued growth and investment in Egypt's Western Desert in 2014. Apache operates in Egypt in partnership with Sinopec International Petroleum Exploration and Production Corporation, which owns a one-third minority interest in Apache's Egypt oil and gas business. Successful wells included the deepest well drilled in the Western Desert and the first well in a horizontal drilling program targeting tight conventional and unconventional resources. “We currently have 27 drilling rigs in operation – including four drilling horizontal wells – as well as 5 million exploration acres and 2 million development acres in the target-rich, stacked-pay environment of the Western Desert.

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