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Look for Shares of Apache Corp to Potentially Pullback after Yesterday's 1.30% Rise

By Shiri Gupta

Apache Corp (NYSE:APA) traded in a range yesterday that spanned from a low of $35.50 to a high of $36.13. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $35.95 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Apache Corp on January 30th, 2018 by issuing a Downtrend alert when the shares were trading at $45.11. Since that call, shares of Apache Corp have fallen 21.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Apache Corp have traded between a low of $33.60 and a high of $69.00 and are now at $35.99, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.14% higher and 2.42% higher over the past week, respectively.

Keywords: rebounders Apache Corp

Ticker(s): APA