EOG Resources Offering Possible 20.92% Return Over the Next 36 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 $165.00 short put and a strike $155.00 long put offers a potential 20.92% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $165.00 by expiration. The full premium credit of $1.73 would be kept by the premium seller. The risk of $8.27 would be incurred if the stock dropped below the $155.00 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 34.68 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

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Sat, 16 Nov 2013 17:49:00 GMT
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Thu, 14 Nov 2013 18:04:12 GMT

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Thu, 14 Nov 2013 15:54:42 GMT
Seeking Alpha – Presenting to investors its macro view on the strategic direction of the U.S. domestic oil supply, EOG Resources ( EOG ) often makes the argument that the Eagle Ford Shale and the Bakken will remain unrivaled …

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Motley Fool – The International Energy Agency says shale oil growth is overestimated and we could see growth peak around 2020. However, they energy organization is significantly underestimating increasing technology …

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