EOG Resources (EOG) Offering Possible 8.7% Return Over the Next 24 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 $45.00 short call and a strike $50.00 long call offers a potential 8.7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $50.00 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 60.08 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 to Hold Virtual-Only 2020 Annual Stockholders Meeting
Wed, 15 Apr 2020 20:33:00 +0000
EOG Resources, Inc. (EOG) today announced that EOG's Board of Directors has changed the company's 2020 annual meeting of stockholders (Annual Meeting) from in-person to virtual-only.

Many Shale Companies Are Already On The Brink Of Bankruptcy
Wed, 15 Apr 2020 17:00:00 +0000
OPEC may have reached a deal to cut 10 million bpd, but for many U.S. shale producers, it is too little, far too late

Oil Takes a Dive as Enthusiasm Over OPEC Deal Fades
Tue, 14 Apr 2020 19:21:00 +0000
Oil prices fell on Tuesday as the market’s focus returned to weak demand. Brent crude futures fell 6.2%.

Oil’s Wild Ride Continues After Trump Says Production Cuts Could Be Much Deeper
Mon, 13 Apr 2020 17:32:00 +0000
An underwhelming OPEC production deal over the weekend is being overshadowed by tweets from President Trump saying that production cuts would be much deeper.

Capital Markets Up on Fed's Multitrillion-Dollar Stimulus Plan
Thu, 09 Apr 2020 20:02:40 +0000
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