Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $87.50 short call and a strike $92.50 long call offers a potential 7.3% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.50 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $92.50 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 71.31 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
Interesting APA Put And Call Options For October 18th
Mon, 24 Feb 2014 17:04:00 GMT
Lockheed Martin Receives $92 Million U.S. Army Apache Targeting and Pilotage System Sustainment Contract
Thu, 20 Feb 2014 14:06:33 GMT
noodls – ORLANDO, Fla., Feb. 20, 2014 – Lockheed Martin [NYSE: LMT] received a $92 million Performance Based Logistics (PBL) contract in December 2013 from the U.S. Army for sustainment of the AH-64 Apache helicopter …
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