EOG Resources (EOG) Offering Possible 35.87% Return Over the Next 32 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 $90.00 short call and a strike $95.00 long call offers a potential 35.87% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $1.32 would be kept by the premium seller. The risk of $3.68 would be incurred if the stock rose above the $95.00 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 28.45 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
Tue, 16 Dec 2014 22:14:16 GMT
noodls – FOR IMMEDIATE RELEASE: December 16, 2014 HOUSTON, Dec. 16, 2014 /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 …

EOG Resources Declares Quarterly Dividend on Common Stock
Tue, 16 Dec 2014 22:06:00 GMT
PR Newswire – HOUSTON, Dec. 16, 2014 /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 January 30, 2015, to stockholders …

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