EOG Resources (EOG) Offering Possible 23.46% Return Over the Next 9 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 $128.00 short put and a strike $123.00 long put offers a potential 23.46% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $128.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $123.00 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 above 80 which suggests that the stock is in overbought 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

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Mon, 08 Oct 2018 17:03:00 +0000
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Mon, 08 Oct 2018 13:01:31 +0000
Diamondback Energy (FANG) is trading above its short-term (50-day) and long-term (200-day) moving averages. FANG was trading 6.6% above its 50-day SMA (simple moving average) and 7.2% above its 200-day SMA on October 4.

Diamondback Energy Is Underperforming XOP YTD: What Lies Ahead?
Mon, 08 Oct 2018 11:32:51 +0000
Diamondback Energy Is Underperforming XOP YTD: What's Next?Diamondback Energy’s recent performance

The 5 Best Energy Stocks for 2018
Fri, 05 Oct 2018 10:00:00 +0000
Oil prices jumped to four-year highs in October, with Brent crude oil touching $85 a barrel, as investors focused on upcoming U.S. sanctions against oil-producing Iran and shrugged off a report showing a spike in weekly U.S. stockpiles. The focus on Iran has overwhelmed other news that might have otherwise sent oil prices lower — including a report from the International Energy Agency (IEA) that U.S. crude inventories rose by 8 million barrels in the last week of September. Oil prices are expected to rise for the foreseeable future and that should give a lift to a number of energy companies.

Positive for Permian Producers: WTI Spread Fell
Tue, 02 Oct 2018 17:40:02 +0000
The WTI Cushing-WTI Midland spread, a key indicator for Permian producers to watch, fell to a three-month low of $6.0 per barrel in the week ending September 28. The previous low of $4.1 per barrel was seen on June 25. The current spread is still slightly higher than the one-year average of $5.7 per barrel.

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