Bearish DailyPlay for Friday December 4th, 2015 – Apache Corp (APA)
The bearish DailyPlay we chose for Friday December 4th is Apache Corp (APA). APA is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 8.81% move lower and its 1m and 6m trend just turned bearish yesterday while breaking below its $66 support level.
Apache Corp’s 1m and 6m trends just turned bearish today and recently bounced lower off its $51 resistance level. With a technical score of 3 (out of 10), APA looks positioned to continue this strong bearish trend lower.