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Apache Crosses Above its 10-day MA (APA)

By Shiri Gupta

Today, shares of Apache (NYSE:APA) have crossed bullishly above their 10-day moving average of $63.09 on a volume of 821K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Apache have traded between a low of $32.20 and a high of $70.14 and are now at $63.43, which is 97% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 2.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Apache on September 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.89. Since that recommendation, shares of Apache have risen 8.7%. We continue to monitor APA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses apache

Ticker(s): APA