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Shares of Eog Resources Rise to a New 52-Week High

By Amy Schwartz

Shares of Eog Resources (NYSE:EOG) traded at a new 52-week high today of $120.42. Approximately 278,000 shares have changed hands today, as compared to an average 30-day volume of 3.8 million shares.

In the past 52 weeks, shares of Eog Resources have traded between a low of $78.04 and a high of $120.42 and are now at $120.34, which is 54% 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%.

Potential upside of 3.7% exists for Eog Resources, based on a current level of $120.34 and analysts' average consensus price target of $124.80. The stock should discover initial support at its 200-day moving average (MA) of $75.79 and subsequent support at its 50-day MA of $75.10.

EOG Resources, Inc. explores, develops, produces, and markets natural gas and crude oil. The Company operates in major producing basins in the United States, Canada, Trinidad, the United Kingdom North Sea, China, and from time to time select other international areas.

SmarTrend recommended that subscribers consider buying shares of Eog Resources on April 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.54. Since that recommendation, shares of Eog Resources have risen 10.8%. We continue to monitor EOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows EOG Resources

Ticker(s): EOG