EOG Resources (EOG) Offering Possible 9.65% Return Over the Next 3 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 $103.00 short put and a strike $98.00 long put offers a potential 9.65% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $103.00 by expiration. The full premium credit of $0.44 would be kept by the premium seller. The risk of $4.56 would be incurred if the stock dropped below the $98.00 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 at 75.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EOG Resources

Stocks With Rising Relative Strength: EOG Resources
Fri, 10 Nov 2017 08:00:00 +0000
EOG Resources shows improving price performance, earning an upgrade to its IBD Relative Strength Rating

EOG Resources’ Wall Street Ratings after Its 3Q17 Results
Thu, 09 Nov 2017 12:31:14 +0000
As of November 6, 2017, ~60% of the analysts covering EOG Resources (EOG) stock recommend a “strong buy” or a “buy.”

EOG Resources to Present at Upcoming Energy Conference
Wed, 08 Nov 2017 21:17:00 +0000
HOUSTON , Nov. 8, 2017 /PRNewswire/ —  EOG Resources, Inc.  (NYSE: EOG) ( EOG ) is scheduled to present at the Bank of America Merrill Lynch Global Energy Conference at 8 a.m. Central time ( 9 a.m. Eastern …

Encana Corp’s Growth Engine Slowed in Q3 but Revved Back up Quickly
Wed, 08 Nov 2017 18:21:00 +0000
Hurricane Harvey and some third-party infrastructure issues caused the Canadian shale driller to hit a speed bump.

How EOG Resources’ Stock Reacting to Positive 3Q17 Earnings Surprise?
Wed, 08 Nov 2017 15:31:57 +0000
EOG reported an adjusted profit of $0.19 per share for 3Q17, compared with the Wall Street analyst consensus of $0.10 per share.

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