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Apache Corp: The Losing Streak Continues (APA)

By David Diaz

Apache Corp (NYSE:APA) traded at a new 52-week low today of $24.26. Approximately 701,000 shares have changed hands today, as compared to an average 30-day volume of 4.5 million shares.

Over the past year, Apache Corphas traded in a range of $24.26 to $50.03 and are now at $24.26. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 1%.

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache operates worldwide.

Potential upside of 89.3% exists for Apache Corp, based on a current level of $24.26 and analysts' average consensus price target of $45.92. Apache Corp shares should first meet resistance at the 50-day moving average (MA) of $28.42 and find additional resistance at the 200-day MA of $33.20.

SmarTrend is monitoring the recent change of momentum in Apache Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apache Corp in search of a potential trend change.

Keywords: 52 week high/lows Apache Corp

Ticker(s): APA