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EOG Resources Crosses Below its 10-day MA (EOG)

By Shiri Gupta

EOG Resources (NYSE:EOG) crossed under its 10-day moving average of $82.61 on a volume of 279K 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, shares of EOG Resources have traded between a low of $57.15 and a high of $101.36 and are now at $82.17, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.04% higher and 1.20% higher over the past week, respectively.

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