EOG Resources (EOG) Offering Possible 32.98% Return Over the Next 3 Calendar Days

EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $124.00 short put and a strike $119.00 long put offers a potential 32.98% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $124.00 by expiration. The full premium credit of $1.24 would be kept by the premium seller. The risk of $3.76 would be incurred if the stock dropped below the $119.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for EOG Resources is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for EOG Resources is bullish.

The RSI indicator is at 67.41 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for EOG Resources

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Fri, 13 Jul 2018 14:46:02 +0000
Tallgrass Energy (TGE) is looking to solicit additional shipping commitments for Niobrara crude oil transportation service on the Iron Horse Pipeline.

The Oil Market Is “Stretched to the Limit”
Fri, 13 Jul 2018 14:21:00 +0000
A series of supply issues has the oil market walking a tightrope.

Why Oil Bears May Be at Risk
Fri, 13 Jul 2018 13:42:39 +0000
On July 12, US crude oil August futures fell 0.1% and settled at $70.33 per barrel, the lowest closing level since June 25, 2018. Prices were relatively steady after the sharp fall on July 11. Between July 5 and July 12, US crude oil August futures declined 3.6%. On July 12, oil-weighted stocks Pioneer Natural Resources Company (PXD), EOG Resources (EOG), Denbury Resources (DNR), and California Resources (CRC) fell 0.1%, 0.4%, 2%, and 4.1%, respectively.

Energy May See Strongest Earnings Growth in Q2: 5 Oil Picks
Fri, 13 Jul 2018 13:26:01 +0000
For the April to June quarter of 2018, Energy will likely generate $19.5 billion in earnings, significantly higher than the recorded profit in each of the prior four quarters.

Veteran manager of $19 billion Franklin dividend fund names six of his favorite stocks
Fri, 13 Jul 2018 11:40:00 +0000
DEEP DIVE In the 22 years that Don Taylor has been managing the Franklin Rising Dividends Fund, assets under management have ballooned to $18.9 billion. It’s clear that investors have been pleased with the fund’s long-term performance.

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