Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $90.00 short put and a strike $85.00 long put offers a potential 13.64% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $90.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $85.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Apache is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Apache is bullish.
The RSI indicator is at 71.84 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
Daily Dividend Report: APA, CINF, IPG, TSN, PF
Mon, 18 Nov 2013 17:06:00 GMT
Forbes – This morning, Apache (APA) declared its quarterly dividend of 20 cents per share, maintaining the amount paid to shareholders the prior quarter. Based on the current stock price, investors can expect a yield of about 0.9% going forward. Shares of Apache were flat on Monday, trading around $92.50 today. In other […]
Your first trade for Friday
Thu, 14 Nov 2013 23:23:33 GMT
CNBC – The “Fast Money” traders share their final trades of the day.
Fast Money Final Trade
Thu, 14 Nov 2013 22:58:00 GMT
CNBC – The Fast Money traders share their final trades of the day.
Energy stocks gain, with refiners in the lead
Thu, 14 Nov 2013 21:58:38 GMT
MarketWatch – Energy stocks rise on Thursday in a quiet session with investors keeping track of a confirmation hearing for Federal Reserve chairwoman nominee Janet Yellen.
APACHE CORP Financials
Thu, 14 Nov 2013 18:04:21 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook