EOG Resources (EOG) Offering Possible 26.9% Return Over the Next 9 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 $89.00 short call and a strike $94.00 long call offers a potential 26.9% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $89.00 by expiration. The full premium credit of $1.06 would be kept by the premium seller. The risk of $3.94 would be incurred if the stock rose above the $94.00 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 30.22 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

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Tue, 09 Dec 2014 21:00:21 GMT

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Tue, 09 Dec 2014 17:00:40 GMT

EOG Resources Closes Canadian Assets Sale for $410 Million
Tue, 09 Dec 2014 16:30:02 GMT

EOG Resources Divests Majority of Canadian Assets
Tue, 09 Dec 2014 00:02:45 GMT
noodls – Press Release FOR IMMEDIATE RELEASE: December 8, 2014 HOUSTON, Dec. 8, 2014 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) (EOG) today announced the divestiture of all its assets in Manitoba and certain …

EOG Resources Divests Majority of Canadian Assets
Mon, 08 Dec 2014 23:35:00 GMT
PR Newswire – HOUSTON, Dec. 8, 2014 /PRNewswire/ — EOG Resources, Inc. (NYSE: EOG) (EOG) today announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that …

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