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Apache Bullish Moving Average Crossover Alert (APA)

By Shiri Gupta

Apache (NYSE:APA) shares have crossed bullishly above their 10-day moving average of $47.27 on a volume of 544K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Apache share prices have been bracketed by a low of $32.20 and a high of $70.14 and are now at $47.39, 47% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Apache on April 19th, 2017 by issuing a Downtrend alert when the shares were trading at $49.83. Since that call, shares of Apache have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses apache

Ticker(s): APA