APACHE CORP
(APA-NYSE):
Technical Viewpoint: From a low
of $55.15 on Jan 8, 2003 prices
rallied, reaching a
high of $62.51
on Jan 17, 2003. A
decline saw prices pull back, reaching a
low of
$58.51 on Jan 27, 2003.
Another rally saw prices penetrate
resistance, closing 2/4/03
at $62.80. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 4, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $60.00. Resistance: Is at $67.45.
Point & Figure: Reversed to the upside on Jan 30, 2003. A P&F upside
reversal takes place at $61.50. Summary: Technical indicators have turned bullish. BUY! APACHE CORP
(APA-NYSE) @ $63.13 Stop: Use a protective stop of $60.63.
APACHE CORP is currently trading @ $62.80 plus $1.10 on Feb 4, 2003. Price Objective:
$77.00. Risk/Reward: $2.50 VS. $13.88. Today's Risk Reward Ratio: 5:1
|
Click here to view full size chart
|