EOG Resources (EOG) Offering Possible 34.41% Return Over the Next 21 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 $94.00 short call and a strike $99.00 long call offers a potential 34.41% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $94.00 by expiration. The full premium credit of $1.28 would be kept by the premium seller. The risk of $3.72 would be incurred if the stock rose above the $99.00 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 28.29 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 Declares Quarterly Dividend on Common Stock
Thu, 27 Apr 2017 20:19:00 +0000
HOUSTON, April 27, 2017 /PRNewswire/ — The Board of Directors of EOG Resources, Inc. (NYSE: EOG) (EOG) has declared a dividend of $0.1675 per share on EOG's Common Stock, payable July 31, 2017, to stockholders …

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Thu, 27 Apr 2017 15:05:11 +0000
U.S. natural gas inventories rose by 74 billion cubic feet last week, according to the EIA. The increase matched the consensus analysts' estimate and pushed prices up about three cents per million BTUs….

Will Trump Spark An Offshore Drilling Boom?
Wed, 26 Apr 2017 23:00:00 +0000
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Tue, 25 Apr 2017 21:15:00 +0000
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Can Southwestern Energy Report Higher Net Profits in 1Q17?
Fri, 21 Apr 2017 19:22:00 +0000
Southwestern Energy (SWN) is set to report its 1Q17 earnings on April 27, 2017. For 1Q17, the current consensus earnings per share estimate for SWN is $0.18.

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