• Return to Headlines

Apache Crosses Below its 10-day MA (APA)

By James Quinn

Today, shares of Apache (NYSE:APA) have crossed bearishly below their 10-day moving average of $50.59 on a volume of 581K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $50.47, which is 57% above that low price. Over the last five market days, 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 January 9th, 2017 by issuing a Downtrend alert when the shares were trading at $62.51. Since that call, shares of Apache have fallen 18.1%. 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