EOG Resources (EOG) Offering Possible 26.9% Return Over the Next 36 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 $95.00 short call and a strike $100.00 long call offers a potential 26.9% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock rose above the $100.00 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 31.85 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

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Thu, 14 May 2015 04:40:18 GMT
The Wall Street Journal – After slashing production for months, U.S. shale-oil companies say they may bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices.

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Thu, 14 May 2015 04:09:25 GMT

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Wed, 13 May 2015 17:35:07 GMT
Financial Times – Saudi Arabia says its strategy of squeezing high-cost rivals such as US shale producers is succeeding, as the world's largest crude exporter seeks to reassert itself as the dominant force in the global …

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