EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $85.50 short call and a strike $90.50 long call offers a potential 33.69% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.50 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $3.74 would be incurred if the stock rose above the $90.50 long call 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 down which suggests that the medium-term momentum for EOG Resources is bearish.
The RSI indicator is at 27.66 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
Hurricane Harvey strengthens, threatens U.S. with most powerful storm in 12 years
Fri, 25 Aug 2017 09:56:19 +0000
Hurricane Harvey intensified early on Friday into potentially the biggest hurricane to hit the U.S. mainland in more than a decade, as authorities warned locals to shelter from what could be life-threatening winds and floods. Harvey is set to make landfall late Friday or early Saturday on the central Texas coast where Corpus Christi and Houston are home to some of the biggest U.S. refineries.
EOG Resources No. 1 for drilling permits filed in Texas, maintains premium strategy
Fri, 25 Aug 2017 06:00:10 +0000
Out of the 835 companies that filed drilling permits in Texas during the first seven months of the year, Houston-based EOG Resources Inc. (EOG) had the most. In the Lone Star State, EOG filed 352 drilling permits between Jan. 1 and July 31, according to data from the Texas Railroad Commission. A subsidiary of The Woodlands-based Anadarko Petroleum Corp. (APC) — Anadarko E&P Onshore LLC — was next with 325.
EOG curtails Eagle Ford drilling, production ahead of Harvey
Thu, 24 Aug 2017 20:45:13 +0000
U.S. oil producer EOG Resources Inc said on Thursday it has curtailed drilling and shut-in some production in the Eagle Ford shale region of Texas ahead of Hurricane Harvey's landfall. “In certain …
See what the IHS Markit Score report has to say about Eog Resources Inc.
Tue, 22 Aug 2017 12:06:38 +0000
Eog Resources Inc NYSE:EOG
4 Things EOG Resources Inc.'s CEO Wants You to Know About How It Responds to Lower Oil Prices
Sat, 19 Aug 2017 19:23:00 +0000
The shale giant’s CEO answered the question on everyone’s mind.
Also on Market Tamer…
Follow Us on Facebook