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Apache Corp Bullish Moving Average Crossover Alert (APA)

By Nick Russo

Today, shares of Apache Corp (NYSE:APA) have crossed bullishly above their 10-day moving average of $4.84 on a volume of 13.2 million 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.

In the past 52 weeks, shares of Apache Corp have traded between a low of $3.80 and a high of $38.12 and are now at $5.03, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2% while the 50-day MA has declined 10.4%.

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: moving crosses Apache Corp

Ticker(s): APA