EOG Resources (EOG) Offering Possible 24.07% Return Over the Next 8 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 $72.00 short call and a strike $77.00 long call offers a potential 24.07% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.00 by expiration. The full premium credit of $0.97 would be kept by the premium seller. The risk of $4.03 would be incurred if the stock rose above the $77.00 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 33.42 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

Stifel Very Nervous on Oil: 5 Buy-Rated Stocks Cut to Hold
Wed, 06 Apr 2016 16:15:57 GMT

Run Away: Stifel Cuts Oil Stocks Ahead of OPEC Meeting
Wed, 06 Apr 2016 14:27:00 GMT

EOG Resources downgraded by Stifel
Wed, 06 Apr 2016 11:18:35 GMT

EOG Resources Announces Webcast of First Quarter 2016 Results Conference Call on May 6, 2016
Tue, 05 Apr 2016 20:26:00 GMT
PR Newswire – HOUSTON, April 5, 2016 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) ( EOG ) will host a conference call to discuss first quarter 2016 results on Friday, May 6, 2016, at 9 a.m. Central time (10 a.m. …

EOG Resources, Inc. breached its 50 day moving average in a Bearish Manner : EOG-US : April 5, 2016
Tue, 05 Apr 2016 12:16:00 GMT

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