$APA – Rectangle Chart Pattern

$APA – APA Corporation explores oil and natural gas through its subsidiaries. It produces oil and gas with operations in the United States, Egypt, United Kingdom, and offshore Suriname. The company was founded in 1954.

Market Capitalization 8.199B

Ownership Summary: 82.63% Institutional Ownership

TECHNICALS

The price chart has formed a rectangle pattern since March 2021, finding strong resistance at the $23.60 price level. The current price is above the 200 EMA. A daily close of $24.40 will confirm the breakout from the rectangle pattern with a possible price target of $30.70.


Charts drawn using TradingView

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