EOG Resources (EOG) Offering Possible 9.65% Return Over the Next 3 Calendar Days

This article was originally published on this site

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.

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

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.

Be Sociable, Share!

Related Posts