APA - Long Opportunities

NASDAQ:APA   APA Corporation
Technical Analysis:

- Price cross 20 MA and above, and is above 200 MA
- Stock is on an uptrend, with 20MA > 50 MA > 200 MA
- Price has been consolidating horizontally and the last bar was a strong rejection of the bearish bar before that (Oil and gas sector fell sharply on the day before)
- Volatility is high
- Stock seems to be in the early uptrend stage

Fundamental Analysis:
- APA is 97.3% undervalued based on discounted cash flow analysis
- Stable quality earnings growth of more than 500% over the past year
- Debt is well covered by operating cash flow

I have placed a buy stop at 47.5 for the next trading day.


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