EOG Resources (EOG) Offering Possible 18.76% Return Over the Next 11 Calendar Days

EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $110.00 short call and a strike $115.00 long call offers a potential 18.76% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $115.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for EOG Resources is bearish and the probability of a decline 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 29.05 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

The Zacks Analyst Blog Highlights: Walt Disney, Groupon, Clayton Williams Energy, Whiting Petroleum and EOG Resources
Wed, 06 Aug 2014 13:33:34 GMT

EOG Resources Q2 Earnings Beat Estimates, Revenues Miss
Wed, 06 Aug 2014 13:00:04 GMT

U.S. Oil Firms Up Output, Pressuring Prices Lower
Tue, 05 Aug 2014 23:14:00 GMT

EOG Resources Announces Outstanding Second Quarter 2014 Results; Increases Common Stock Dividend 34 Percent and Adds Delaware Basin Crude Oil Play
Tue, 05 Aug 2014 22:23:29 GMT
noodls – Press Release FOR IMMEDIATE RELEASE: August 5, 2014 HOUSTON, Aug. 5, 2014 /PRNewswire/ — Reports 17 Percent Increase in Total Production, Plus 33 Percent Increase in US Crude Oil and Condensate Production …

EOG profit beats expectations on strong Texas production
Tue, 05 Aug 2014 21:27:04 GMT

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