Apache (APA) Offering Possible 10.38% Return Over the Next 34 Calendar Days

Apache's most recent trend suggests a bullish bias. One trading opportunity on Apache is a Bull Put Spread using a strike $30.00 short put and a strike $25.00 long put offers a potential 10.38% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $30.00 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 dropped below the $25.00 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 above 80 which suggests that the stock is in overbought 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

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Apache Donates More Than 61,000 Trees to 54 Organizations
Wed, 15 Jan 2020 16:20:10 +0000
Apache Corporation (NYSE, Nasdaq: APA) has announced the donation of over 61,000 trees to 54 partner organizations through its annual Apache Tree Grant Program. “Now in its 14th year, Apache’s tree grant program is one of many ways our employees and the company make lasting positive contributions to our communities,” said John J. Christmann IV, Apache's chief executive officer and president. “We are most grateful to Apache for their generous investment in trees for our campus,” said Rebecca Gentry, the University of Houston’s assistant vice president for strategic initiatives.

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