EOG Resources's most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $82.50 short put and a strike $75.00 long put offers a potential 6.84% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $7.02 would be incurred if the stock dropped below the $75.00 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 31.78 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
South Texas Drilling Permit Roundup: Conoco pulls ahead in first week of June
Tue, 11 Jun 2019 12:09:51 +0000
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
See what the IHS Markit Score report has to say about EOG Resources Inc.
Tue, 11 Jun 2019 12:02:36 +0000
EOG Resources Inc NYSE:EOGView full report here! Summary * Perception of the company's creditworthiness is negative and weakening * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for EOG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting EOG. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold EOG had net inflows of $3.72 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS MarkitThere is no PMI sector data available for this security. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator with a weakening bias over the past 1-month. EOG credit default swap spreads are rising towards their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Vitol/oil traders: a gush, by gosh
Thu, 06 Jun 2019 03:42:34 +0000
There was a time when oil trading houses seemingly magicked up profits, shifting cargoes from lesser developed regions to main markets and back. Traders such as Vitol and Trafigura, and to a lesser extent Glencore, thus crave scale to cover as much of the globe as possible. Vitol’s success earlier this year follows a tougher 2018.
EOG Resources to Present at Upcoming Conference
Wed, 05 Jun 2019 20:12:00 +0000
HOUSTON , June 5, 2019 /PRNewswire/ — EOG Resources, Inc. ( EOG ) is scheduled to present at the J.P. Morgan Energy Conference at 7:00 a.m. Central time ( 8:00 a.m. Eastern time ) on Tuesday, June 18. …
Oil Prices Fell Due Global Growth Concerns, Trade War
Tue, 04 Jun 2019 11:30:09 +0000
US Stock Market Could Fall Due to Global Trade Concerns(Continued from Prior Part)Oil prices fellOil prices fell on June 3, which extended last week’s downward momentum due to an escalation in the trade war. President Trump threatened
Also on Market Tamer…
Follow Us on Facebook