Apache's most recent trend suggests a bearish bias. One trading opportunity on Apache is a Bear Call Spread using a strike $26.50 short call and a strike $32.50 long call offers a potential 10.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $26.50 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $5.42 would be incurred if the stock rose above the $32.50 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 79.18 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
Read This Before Buying Apache Corporation (NYSE:APA) For Its Dividend
Tue, 07 Jan 2020 10:37:04 +0000
Is Apache Corporation (NYSE:APA) a good dividend stock? How can we tell? Dividend paying companies with growing…
Oakmark Is Betting on Energy for 2020
Fri, 27 Dec 2019 15:30:05 +0000
Famous investing firm Oakmark is focusing on these 3 energy companies Continue reading…
Company News For Dec 24, 2019
Tue, 24 Dec 2019 14:04:20 +0000
Companies in the news are: ACB, APA, ITCI, SRPT
Apache (APA) Stock Jumps on TOTAL JV in Suriname's Block 58
Tue, 24 Dec 2019 12:18:12 +0000
Apache (APA) will be reimbursed for 50% of its spending on block 58 as of now.
2 Oil Field Announcements Show Things Are Starting to Go Right for Oil Stocks
Mon, 23 Dec 2019 19:13:00 +0000
On Sunday, Apache announced a joint venture in Suriname with Total, helping the stock jump more than 15%. Exxon Mobil and Hess announced that they had started harvesting oil from its offshore wells in Guyana.
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