EOG Resources's most recent trend suggests a bearish bias. One trading opportunity on EOG Resources is a Bear Call Spread using a strike $118.00 short call and a strike $123.00 long call offers a potential 47.49% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $118.00 by expiration. The full premium credit of $1.61 would be kept by the premium seller. The risk of $3.39 would be incurred if the stock rose above the $123.00 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 35.14 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
Is EOG Resources Inc’s (NYSE:EOG) PE Ratio A Signal To Sell For Investors?
Thu, 23 Aug 2018 18:15:36 +0000
I am writing today to help inform people who are new to the stock market and want to begin learning about how to value company based on its current earningsRead More…
Are Oil-Weighted Stocks Outperforming Oil Prices?
Thu, 23 Aug 2018 15:55:58 +0000
On August 15–22, our list of oil-weighted stocks rose 7.4%, while US crude oil October futures rose 5.3%. On average, our list of oil-weighted stocks outperformed US crude oil prices.
Top Stock Reports for Medtronic, EOG Resources & CSX Corporation
Thu, 23 Aug 2018 15:53:03 +0000
Top Stock Reports for Medtronic, EOG Resources & CSX Corporation
5 Undervalued Energy Stocks That Are Bound to Make a Comeback
Wed, 22 Aug 2018 18:37:28 +0000
It has been a wild year for crude oil. It’s like energy stocks have reset. Energy stocks sill appear pretty cheap, especially when you consider the broad effects of tax reform and their newfound lower cost structures.
3 Top Oil Stocks to Buy in August
Wed, 22 Aug 2018 12:13:00 +0000
Here's why these three investors think you should take a look at ExxonMobil, EOG Resources, and Phillips 66 Partners.
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