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Bullish Moving Average Cross by Eog Resources (EOG)

By Amy Schwartz

Eog Resources (NYSE:EOG) crossed over its 10-day moving average of $87.86 on a volume of 712K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Eog Resources share prices have moved between a 52-week high of $109.37 and a 52-week low of $78.04 and are now trading 13% above that low price at $88.21 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 1.20% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Eog Resources on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $97.38. Since that call, shares of Eog Resources have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses EOG Resources

Ticker(s): EOG