EOG Resources’s most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $175.00 short call and a strike $185.00 long call offers a potential 27.06% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $2.13 would be kept by the premium seller. The risk of $7.87 would be incurred if the stock rose above the $185.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for EOG Resources is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for EOG Resources is bearish.
The RSI indicator is at 30.51 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for EOG Resources
EOG RESOURCES INC Financials
Thu, 14 Nov 2013 18:04:12 GMT
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Thu, 14 Nov 2013 15:54:42 GMT
Seeking Alpha – Presenting to investors its macro view on the strategic direction of the U.S. domestic oil supply, EOG Resources ( EOG ) often makes the argument that the Eagle Ford Shale and the Bakken will remain unrivaled …
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Thu, 14 Nov 2013 15:50:38 GMT
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Wed, 13 Nov 2013 18:12:07 GMT
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Wed, 13 Nov 2013 17:15:00 GMT
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