EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 10.78% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.73 would be kept by the premium seller. The risk of $6.77 would be incurred if the stock rose above the $105.00 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 34.31 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for EOG Resources
Natural Gas Price Flat After Storage Total Rises
Thu, 20 Apr 2017 14:55:15 +0000
The U.S. natural gas stockpile rose by 54 billion cubic feet last week, roughly in line with estimates. Prices remained essentially unchanged following the U.S. Energy Information Administration's report….
Charts in Focus: Marathon Oil’s 4Q16 Production Costs, Margins
Thu, 20 Apr 2017 14:35:49 +0000
Excluding hedges, Marathon Oil (MRO) reported a positive cash margin and a negative total margin in 4Q16.
Drillers Remain Cautious Despite Shale Success
Wed, 19 Apr 2017 16:30:00 +0000
Oil and gas activity in February increased on an annual basis for the first time since mid-2014, yet more evidence that the U.S. shale boom is well and truly underway
How Will Marathon Oil Benefit from Its Hedging Activities?
Wed, 19 Apr 2017 14:35:57 +0000
In 4Q16, crude oil hedging activities increased Marathon Oil’s (MRO) North American E&P (exploration and production) average realized crude oil price by $0.32 per barrel.
When Will Oil Producers Start Making Money Again?
Tue, 18 Apr 2017 16:45:00 +0000
Oil is a cyclical commodity, but is it just impossible for companies to turn a profit when the prices are low?
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