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After Yesterday's Decline of 4.89%, Eog Resources Offers Investors Better Value

By James Quinn

Eog Resources (NYSE:EOG) traded in a range yesterday that spanned from a low of $74.55 to a high of $76.80. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $76.83 on volume of 1.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Eog Resources on July 17th, 2019 by issuing a Downtrend alert when the shares were trading at $86.42. Since that call, shares of Eog Resources have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Eog Resources has traded in a range of $74.84 to $133.53 and is now at $74.92, 0% above that low. The 200-day and 50-day moving averages have moved 0.52% lower and 0.3% lower over the past week, respectively.

Keywords: rebounders EOG Resources

Ticker(s): EOG