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Bullish Moving Average Cross by Apache (APA)

By Nick Russo

Apache (NYSE:APA) shares have crossed bullishly above their 10-day moving average of $63.57 on a volume of 515K 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.

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 102% above that low price at $64.94 per share. 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 11.3%. 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