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Eog Resources Falls 1.77% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Eog Resources (NYSE:EOG) traded in a range yesterday that spanned from a low of $68.08 to a high of $70.09. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $70.46 on volume of 1.8 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Eog Resources have traded between a low of $64.33 and a high of $108.78 and are now at $69.28, which is 8% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.6%.

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: rebounders EOG Resources

Ticker(s): EOG