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Next Support Level for Apache Corp (APA) is $35.79

By Shiri Gupta

Shares of Apache Corp (NYSE:APA) opened today below their pivot of $36.36 and have already reached the first level of support at $36.00. Should the shares continue to fall, the support pivots of $35.79 and $35.22 will be of interest.

Potential upside of 26.8% exists for Apache Corp, based on a current level of $36.22 and analysts' average consensus price target of $45.92. The stock should hit resistance at its 200-day moving average (MA) of $38.17, as well as support at its 50-day MA of $33.74.

In the past 52 weeks, Apache Corp share prices have been bracketed by a low of $24.56 and a high of $50.03 and are now at $36.22, 47% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.9%.

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: pivot alerts Apache Corp

Ticker(s): APA