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EOG Resources Bullish Moving Average Crossover Alert (EOG)

By Nick Russo

EOG Resources (NYSE:EOG) shares have crossed bullishly above their 10-day moving average of $91.81 on a volume of 1.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

EOG Resources share prices have moved between a 52-week high of $109.37 and a 52-week low of $57.15 and are now trading 65% above that low price at $94.18 per share. 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 recommended that its subscribers protect gains by selling shares of EOG Resources on February 7th, 2017 by issuing a Downtrend alert when the shares were trading at $97.38. Since that call, shares of EOG Resources have fallen 5.9%. 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