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.
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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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