EOG Resources (EOG) Offering Possible 18.2% Return Over the Next 15 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 $99.00 short call and a strike $104.00 long call offers a potential 18.2% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $99.00 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock rose above the $104.00 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 35.18 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

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

EOG Resources Beefs Up Asset Base on Growing Production
Fri, 03 Oct 2014 19:10:02 GMT

Texas gas drillers agree with NY to report risks
Fri, 03 Oct 2014 18:35:09 GMT

Texas gas drillers agree with NY to report risks
Fri, 03 Oct 2014 18:35:09 GMT

Anadarko, EOG Strike Deal With New York AG on Fracking
Fri, 03 Oct 2014 13:20:38 GMT

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