Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 9.41% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $95.00 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 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
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Mon, 16 Dec 2013 16:36:14 GMT
Motley Fool – Despite a very busy year, shares of Freeport-McMoRan are on pace to end 2013 about where they began. Does that mean a rebound is coming in 2014?
Hyper-Efficient Engines For Army Attack Helicopters
Sun, 15 Dec 2013 18:21:00 GMT
Forbes – When I was growing up in Missouri during the 1980's, Vietnam war movies were all the rage. Soldiers scrambling to climb aboard U.S. military helicopters before approaching enemy forces overwhelmed them was a staple scene in those movies. If the helicopters loitered too long, they would run out of fuel before […]
Where ConocoPhillips Plans to Spend its Money
Fri, 13 Dec 2013 13:50:29 GMT
Motley Fool – A closer look at how ConocoPhillips plans to allocate its 2014 capital budget.
Citigroup Downgrades Apache, Marathon Oil on Valuation
Thu, 12 Dec 2013 18:32:00 GMT
Barrons.com – It's a “Goldilocks Era” for oil exploration & production companies. But even for Goldilocks, the bears sometimes win out. That's the case for Apache (APA) and Marathon Oil (MRO), which were downgraded …
Apache downgraded to Neutral from Buy at Citigroup
Thu, 12 Dec 2013 11:24:46 GMT
theflyonthewall.com – Apache downgraded to Neutral from Buy at Citigroup
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