EOG Resources (EOG) Offering Possible 37.36% Return Over the Next 16 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 37.36% return on risk over the next 16 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 $1.36 would be kept by the premium seller. The risk of $3.64 would be incurred if the stock rose above the $95.00 long call 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 down which suggests that the medium-term momentum for EOG Resources is bearish.

The RSI indicator is at 33.94 level which suggests that the stock is neither overbought nor oversold at this time.

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, 29 Nov 2021 19:16:07 +0000
Canadian Natural's (CNQ) natural gas volumes record a 25.4% year-over-year rise from 1,362 million cubic feet per day (MMcf/d) to 1,708MMcf/d in Q3.

TC Energy (TRP) Files $15B Suit Against U.S. Over Keystone XL
Mon, 29 Nov 2021 12:34:12 +0000
TC Energy (TRP) maintained that it is not looking to breathe new life into the pipeline irrespective of its success in getting back the multibillion-dollars it shelled out in trying to develop Keystone XL.

Delek (DK) Stock Declines 6.1% Despite Beating on Q3 Earnings
Fri, 26 Nov 2021 19:35:07 +0000
Delek's (DK) total operating expenses in the third quarter rise 36.1% from the prior-year period's figure to $2,910.7 million.

Pembina (PBA) Stock Shows Slight Shift Despite Q3 Earnings Beat
Thu, 25 Nov 2021 18:08:06 +0000
Pembina Pipeline's (PBA) Marketing & New Ventures segment's volumes of 177 mboe/d in Q3 exceed the year-ago quarter's actuals.

Is Denbury (DEN) Stock Outpacing Its Oils-Energy Peers This Year?
Thu, 25 Nov 2021 15:15:03 +0000
Here is how Denbury (DEN) and EOG Resources (EOG) have performed compared to their sector so far this year.

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