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EOG Resources Bearish Moving Average Crossover Alert (EOG)

By James Quinn

EOG Resources (NYSE:EOG) shares have crossed bearishly below their 10-day moving average of $83.34 on a volume of 282K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of EOG Resources have traded between a low of $57.15 and a high of $101.36 and are now at $83.09, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has remained constant.

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