EOG Resources (NYSE:EOG) traded at a new 52-week high today of $138.20. So far today approximately 680,000 shares have been exchanged, as compared to an average 30-day volume of 1.4 million shares.

EOG Resources has overhead space with shares priced $136.82, or 0.7% below the average consensus analyst price target of $137.78. The stock should discover initial support at its 50-day moving average (MA) of $124.29 and subsequent support at its 200-day MA of $110.19.

EOG Resources, Inc. explores for, 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.

In the past 52 weeks, shares of EOG Resources have traded between a low of $82.48 and a high of $138.20 and are now at $136.82, which is 66% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of EOG Resources on November 1st, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $117.32. Since that recommendation, shares of EOG Resources have risen 13.9%. We continue to monitor EOG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.