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Bearish Moving Average Cross by EOG Resources (EOG)

By Nick Russo

Today, shares of EOG Resources (NYSE:EOG) have crossed bearishly below their 10-day moving average of $82.47 on a volume of 238K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, EOG Resources has traded in a range of $57.15 to $101.36 and is now at $81.94, 43% above that low. The 200-day and 50-day moving averages have moved 0.04% higher and 1.20% higher over the past week, respectively.

SmarTrend is tracking the current trend status for EOG Resources and will alert subscribers who have EOG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses EOG Resources

Ticker(s): EOG