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Eog Resources Bearish Moving Average Crossover Alert (EOG)

By David Diaz

Eog Resources (NYSE:EOG) crossed under its 10-day moving average of $104.16 on a volume of 399K shares. This may provide swing traders with 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 $78.04 to $119.00 and is now at $103.85, 33% 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 monitoring the recent change of momentum in Eog Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Eog Resources in search of a potential trend change.

Keywords: moving crosses EOG Resources

Ticker(s): EOG