EOG Resources (EOG) Offering Possible 9.17% Return Over the Next 8 Calendar Days

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EOG Resources’s most recent trend suggests a bullish bias. One trading opportunity on EOG Resources is a Bull Put Spread using a strike $110.00 short put and a strike $105.00 long put offers a potential 9.17% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock dropped below the $105.00 long put 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 up which suggests that the medium-term momentum for EOG Resources is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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LATEST NEWS for EOG Resources

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EOG Resources Inc (NYSE:EOG), a USD$64.86B large-cap, operates in the oil and gas industry which has seen an extended oil price slump since mid-2014. However, energy-sector analysts are forecasting forRead More…

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