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Shares of Apache Corp Fall to a New 52-Week Low

By James Quinn

Apache Corp (NYSE:APA) traded at a new 52-week low today of $19.62. So far today approximately 660,000 shares have been exchanged, as compared to an average 30-day volume of 5.4 million shares.

Apache Corp has overhead space with shares priced $19.62, or 57.3% below the average consensus analyst price target of $45.92. Apache Corp shares should first meet resistance at the 50-day moving average (MA) of $26.04 and find additional resistance at the 200-day MA of $31.04.

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.

Apache Corp share prices have moved between a 52-week high of $50.03 and the current low of $19.62 and are currently at $19.62 per share. The 200-day and 50-day moving averages have moved 0.84% lower and 1.34% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Apache Corp on July 5th, 2019 by issuing a Downtrend alert when the shares were trading at $26.94. Since that call, shares of Apache Corp have fallen 25.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows Apache Corp

Ticker(s): APA