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Recent 52-Week Low Surpassed in Shares of Apache Corp (APA)

By James Quinn

Shares of Apache Corp (NYSE:APA) traded today at $42.24, breaking its 52-week low. So far today approximately 354,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

Apache Corporation is an independent energy company. The Company explores for, develops, and produces natural gas, crude oil, and natural gas liquids. Apache operates worldwide.

There is potential upside of 36.4% for shares of Apache Corp based on a current price of $42.53 and an average consensus analyst price target of $58.00. The stock should find initial resistance at its 200-day moving average (MA) of $44.99 and further resistance at its 50-day MA of $49.61.

Over the past year, Apache Corphas traded in a range of $42.24 to $69.00 and are now at $42.53. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.4%.

SmarTrend is monitoring the recent change of momentum in Apache Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Apache Corp in search of a potential trend change.

Keywords: 52 week high/lows Apache Corp

Ticker(s): APA