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EOG Resources Bullish Moving Average Crossover Alert (EOG)

By David Diaz

Today, shares of EOG Resources (NYSE:EOG) have crossed bullishly above their 10-day moving average of $90.38 on a volume of 444K 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 $101.36 and a 52-week low of $57.15 and are now trading 59% above that low price at $90.64 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

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