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Eog Resources Bearish Moving Average Crossover Alert (EOG)

By James Quinn

Eog Resources (NYSE:EOG) crossed under its 10-day moving average of $77.40 on a volume of 292K 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.

In the past 52 weeks, Eog Resources share prices have been bracketed by a low of $73.95 and a high of $133.53 and are now at $76.62, 4% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Eog Resources on July 17th, 2019 by issuing a Downtrend alert when the shares were trading at $86.42. Since that call, shares of Eog Resources have fallen 10.0%. 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