EOG Resources (EOG) Offering Possible 22.85% Return Over the Next 10 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 $96.00 short call and a strike $101.00 long call offers a potential 22.85% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $96.00 by expiration. The full premium credit of $0.93 would be kept by the premium seller. The risk of $4.07 would be incurred if the stock rose above the $101.00 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 21.65 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

EOG Resources Announces Webcast of Third Quarter 2014 Results Conference Call on November 5, 2014
Wed, 08 Oct 2014 21:09:00 GMT
PR Newswire – HOUSTON, Oct. 8, 2014 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) ( EOG ) will host a conference call to discuss third quarter 2014 results on Wednesday, November 5, 2014 at 7 a.m. Central time (8 …

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