EOG Resources (EOG) Offering Possible 36.99% Return Over the Next 18 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 $82.00 short put and a strike $77.00 long put offers a potential 36.99% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $77.00 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 70.71 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

3-Point Checklist for Buying an Oil Stock
Sun, 01 May 2016 16:31:00 GMT

How Has EOG Resources Stock Reacted to Past Earnings?
Fri, 29 Apr 2016 21:07:21 GMT

What Are Analysts Saying about EOG Resources?
Fri, 29 Apr 2016 21:07:15 GMT

EOG RESOURCES INC Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
Fri, 29 Apr 2016 20:18:37 GMT

EOG Resources: Production Guidance, Management Strategies in 1Q16
Thu, 28 Apr 2016 21:49:51 GMT

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