EOG Resources (EOG) Offering Possible 15.74% Return Over the Next 12 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 $95.00 short put and a strike $90.00 long put offers a potential 15.74% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $90.00 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 48.31 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

Will This Price Target Increase Help EOG Resources (EOG) Stock Today?
Tue, 06 May 2014 13:14:00 GMT

UPDATE: Citigroup Reiterates On EOG Resources On New Resource Plays
Tue, 06 May 2014 12:13:57 GMT

EOG Resources Earnings Beat Estimates
Tue, 06 May 2014 12:00:06 GMT

EOG Resources, Inc. Earnings Call scheduled for 10:00 am ET today
Tue, 06 May 2014 11:34:46 GMT

EOG RESOURCES INC Files SEC form 8-K, Results of Operations and Financial Condition, Regulation FD Disclosure, Financ
Tue, 06 May 2014 10:01:07 GMT

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