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 10.38% return on risk over the next 17 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 $0.47 would be kept by the premium seller. The risk of $4.53 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 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
Chrome apps could start coming to Android and iOS as early as next month
Wed, 04 Dec 2013 03:46:38 GMT
The Verge – In September, Google told us that Chrome Apps would come to mobile operating systems as well — that packaged versions of web apps could even be sold in Google Play and the iOS App Store, once the company had worked the kinks out. At the time, the company cautioned that such an idea was a ways away, that Google wanted to target Windows desktops first. But it seems that Chrome apps could arrive on Android and iOS sooner than we thought.. Google has figured out a way to port apps to mobile using a new set of tools, and it hopes to release a beta version of those tools as soon as next month. As reported by The Next Web, Google has been working on a compatibility layer for Chrome apps using the open source Apache Cordova tools. Where Chrome apps can do fancy things with your computer's GPU and other local hardware using Chrome-specific code, Google can allow them to do the same with mobile devices by using Cordova plugins that replicate and replace the equivalent Chrome app APIs.
3 Reasons to Consider This Undervalued Energy Producer
Sat, 30 Nov 2013 13:01:58 GMT
Motley Fool – Why Apache’s attractive valuation, coupled with its solid domestic growth outlook and highly cash-generative international assets, make it a compelling buy.
China is Angling to Access More Canadian Natural Gas
Fri, 29 Nov 2013 17:02:43 GMT
Motley Fool – Rumor has it that China’s largest refiner is looking to take a stake in a Canadian LNG project.
Kenya fuel imports to grow a third over next two years -oil executive
Thu, 28 Nov 2013 11:34:51 GMT
YieldBoost APA To 3.5% Using Options
Wed, 27 Nov 2013 16:41:00 GMT
Forbes – Shareholders of Apache Corp. (NYSE: APA) looking to boost their income beyond the stock's 0.9% annualized dividend yield can sell the January 2016 covered call at the $115 strike and collect the premium based on the $5.15 bid, which annualizes to an additional 2.6% rate of return against the current
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