EOG Resources (EOG) Offering Possible 14.82% Return Over the Next 12 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 $97.50 short call and a strike $103.00 long call offers a potential 14.82% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.79 would be incurred if the stock rose above the $103.00 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 below 20 which suggests that the stock is in oversold territory.

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

Why the outlook for natural gas prices is still bullish
Mon, 06 Oct 2014 21:00:18 GMT

Massive Inventory Increase Keeps Natural Gas Prices Under $4
Mon, 06 Oct 2014 20:40:02 GMT

Total US rigs hold near 2-year high despite last week’s fall
Mon, 06 Oct 2014 15:13:50 GMT

Why natural gas prices hit $4 before returning to previous levels
Mon, 06 Oct 2014 13:00:24 GMT

Anadarko, EOG agree to disclose fracking risks to investors
Fri, 03 Oct 2014 20:04:07 GMT

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