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Apache Crosses Below its 10-day MA (APA)

By Shiri Gupta

Today, shares of Apache (NYSE:APA) have fallen below their 10-day MA of $56.73 on a volume of 579K 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.

Apache share prices have moved between a 52-week high of $70.14 and a 52-week low of $32.20 and are now trading 75% above that low price at $56.45 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

SmarTrend is tracking the current trend status for Apache and will alert subscribers who have APA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses apache

Ticker(s): APA