Apache Offering Possible 9.89% Return Over the Next 24 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 9.89% return on risk over the next 24 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 $0.45 would be kept by the premium seller. The risk of $4.55 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 29.35 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
Wed, 29 Jan 2014 22:06:39 GMT
noodls – Download PDF CALGARY, Jan. 29, 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 …

Occidental's Earnings Could Kick off a Fantastic 2014
Wed, 29 Jan 2014 14:04:20 GMT
Motley Fool – Occidental Petroleum could be primed for a very successful 2014, and here is what investors should watch for when the company reports earnings to see if it staying on that track.

MoD contracts safeguard 1,000 AgustaWestland jobs
Wed, 29 Jan 2014 07:25:59 GMT

Bakken Update's 2014 Stock Picks: The Permian Operators
Mon, 27 Jan 2014 17:47:36 GMT
Seeking Alpha – 2014 looks to be a good year for oil and gas in the United States. There are worries too much crude will be produced, pushing prices lower. In response, we will continue to see pipelines added and rail …

Is Apache's Fourth-Quarter Update Cause for Concern?
Mon, 27 Jan 2014 17:00:29 GMT
Motley Fool – Despite near-term challenges highlighted in its recent fourth-quarter operations update, Apache’s longer-term outlook remains promising.

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