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Technical trade #1: Apache Corp. (APA) |
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| Oct 10, 2009 04:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Technical Analysis, Stocks to Buy
Apache Corp. (NYSE: APA), which is a large oil and natural gas exploration and production company, should continue to benefit from the dollar's fall. APA fell from almost $150 in May 2008, to $51 in March. Energy prices improved, and so did this stock as it built a base on a double cup-and-handle formation. Continue reading Technical trade #1: Apache Corp. (APA) Technical trade #1: Apache Corp. (APA) originally appeared on BloggingStocks on Sat, 10 Oct 2009 11:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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The U.S. dollar continues to show weakness, and oil will likely continue to be a good hedge against its further deterioration.
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