EOG Resources Offering Possible 8.81% Return Over the Next 11 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 $165.00 short call and a strike $175.00 long call offers a potential 8.81% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $0.81 would be kept by the premium seller. The risk of $9.19 would be incurred if the stock rose above the $175.00 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 30.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

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Enerplus: A Strong Performer
Tue, 10 Dec 2013 18:43:29 GMT
Seeking Alpha – The growth of oil and natural gas production has been a constant feature of Enerplus'( ERF ) performance. During the third quarter, Enerplus' production reached around 87,500 barrels of oil equivalent …

Must-know: The essentials of EOG Resources’ Bakken activity
Tue, 10 Dec 2013 13:00:12 GMT
Market Realist – EOG is one of the major operators in the Bakken, though the region makes up a smaller amount of EOG's activity than many other names there.

Cabot Oil And Gas: Marcellus The Unstoppable
Mon, 09 Dec 2013 21:13:36 GMT
Seeking Alpha – In its operating update this morning, Cabot Oil And Gas ( COG ) reported yet another set of impressive dry gas wells in the sweet spot of the Marcellus Shale. Takeaways from the report go beyond simply …

Must-know: The essentials of Hess Corporation’s Bakken activity
Mon, 09 Dec 2013 21:00:15 GMT
Market Realist – Hess Corp. is one of the largest companies to operate in the Bakken, and it has stated that the area will be the primary driver of its production growth for 2013–2017.

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