EOG Resources (EOG) Offering Possible 40.85% Return Over the Next 10 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 $84.00 short put and a strike $79.00 long put offers a potential 40.85% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $84.00 by expiration. The full premium credit of $1.45 would be kept by the premium seller. The risk of $3.55 would be incurred if the stock dropped below the $79.00 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 above 80 which suggests that the stock is in overbought territory.

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

The U.S.-Iran Confrontation Has Raised Market Risk. Here Are 3 Ways to Position Your Portfolio.
Fri, 03 Jan 2020 22:15:00 +0000
Friday’s spike in volatility may be brief, as have been other flare-ups in this bull market. But market pros say the increase in Mideast tensions is an opportune time for investors to protect their portfolios.

Here's Why You Should Retain EOG Resources in Your Portfolio
Fri, 03 Jan 2020 14:40:02 +0000
Huge inventory of premium drilling wells in the Bakken and Eagle Ford shale plays is set to drive EOG Resources' (EOG) oil production.

South Texas Drilling Permit Roundup: Local firm looks to dig a rare well
Tue, 31 Dec 2019 15:41:50 +0000
This week, the South Texas Drilling Permit Roundup takes a look at new drilling permit applications filed with the Railroad Commission of Texas over the past two weeks.

Oakmark Is Betting on Energy for 2020
Fri, 27 Dec 2019 15:30:05 +0000
Famous investing firm Oakmark is focusing on these 3 energy companies Continue reading…

EOG Resources Inc (EOG) vs. Hedge Fund Favorites in 2019
Thu, 26 Dec 2019 01:08:36 +0000
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]

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