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Bullish Moving Average Cross by Eog Resources (EOG)

By Amy Schwartz

Eog Resources (NYSE:EOG) shares have crossed bullishly above their 10-day moving average of $124.43 on a volume of 257K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Eog Resources share prices have been bracketed by a low of $81.99 and a high of $128.03 and are now at $125.61, 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.6%.

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