Apache Corp.(NYSE:APA) is trading sharply lower this morning by $5.13 to $111.08 a share. The stock is coming under pressure as bad weather remains in Australia and the Egyptian riots are disrupting energy production. The stock has declined by nearly 10.0 percent in two trading days. Traders can watch for some intra-day support around the $109.50 area and much more intra-day support around the $107.75 area. Both levels could see small intra-day bounces. Please remember that the overall market trend is down today so all bounces may not last very long.
Nicholas Santiago
InTheMoneyStocks.com
