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Eog Resources Crosses Above its 10-day MA (EOG)

By James Quinn

Today, shares of Eog Resources (NYSE:EOG) have crossed bullishly above their 10-day moving average of $84.09 on a volume of 402K 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.

In the past 52 weeks, shares of Eog Resources have traded between a low of $78.04 and a high of $109.37 and are now at $84.46, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Eog Resources on August 3rd, 2017 by issuing a Downtrend alert when the shares were trading at $90.13. Since that call, shares of Eog Resources have fallen 7.2%. 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