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Bearish Moving Average Cross by Apache Corp (APA)

By Amy Schwartz

Today, shares of Apache Corp (NYSE:APA) have fallen below their 10-day MA of $30.73 on a volume of 130K 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 Corp have traded between a low of $24.56 and a high of $50.03 and are now at $30.20, which is 23% above that low price. The 200-day and 50-day moving averages have moved 0.6% lower and 0.4% lower over the past week, respectively.

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

Keywords: moving crosses Apache Corp

Ticker(s): APA