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Bullish Moving Average Cross by EOG Resources (EOG)

By David Diaz

EOG Resources (NYSE:EOG) shares have crossed bullishly above their 10-day moving average of $90.35 on a volume of 2.6 million 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.

In the past 52 weeks, EOG Resources share prices have been bracketed by a low of $57.15 and a high of $101.36 and are now at $94.00, 64% above that low price. 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