EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $116.00 short put and a strike $111.00 long put offers a potential 38.5% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $116.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $111.00 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 63.97 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
Top Oil Stocks To Watch In U.S. Shale As Oil Prices Rise
Tue, 08 Mar 2022 20:36:34 +0000
When weighing oil stocks to buy, consider which ones are diversified and which are focused more on shale or particular regions.
Biden's Russia-Oil Ban Opens Path for Shale Giants EOG, Devon to Fill the Gap
Tue, 08 Mar 2022 20:11:16 +0000
(Bloomberg) — President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008. Among them: EOG Resources Inc. and Devon Energy Corp., two shale giants that are sitting on thousands of federal drilling permits, many of which could be used to produce more oil from the prolific Permian basin.Most Read from BloombergChina Warns U.S. Over Forming Pacific NATO, Backing TaiwanBiden to Sign C
How Disciplined Cost Reduction Made EOG Resources (NYSE:EOG) a Prime Beneficiary of Rising Energy Prices
Tue, 08 Mar 2022 08:15:20 +0000
When evaluating great companies in the energy sector, we see that EOG Resources' (NYSE:EOG) satisfies some essential criteria. The company is focused on providing shareholders with cash returns, has been increasing the efficacy of operations, and has significant increases in returns on capital employed. In this article, we will connect these factors and see why investors may want to put this stock on their watch list.
Inflation and gas prices overshadow strong jobs report: Yahoo Finance’s Rick Newman
Fri, 04 Mar 2022 20:36:08 +0000
Yahoo Finance's Rick Newman details the Biden administration's statement considering a U.S. ban on Russian oil imports, alternative energy options for European countries, and the jobs report data in comparison to rising inflation and oil prices.
Lessons from a 20-Year Oil Stock Investor
Thu, 03 Mar 2022 23:41:11 +0000
Thinking about buying cyclical stocks? Tracey shares her tips for surviving the ups and downs.
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