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Shares of EOG Resources Have Risen Above Previous 52-Week High

Published on Thu, 09/12/2013 - 14:17
By Mallory Stone

Shares of EOG Resources (NYSE:EOG) traded today at $168.77, breaking its 52-week high. This new high was reached on approximately average trading volume as 1.1 million shares traded hands, while the average 30-day volume is approximately 1.6 million shares.

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 $107.76 and a high of $168.77 and are now at $167.33, which is 55% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.3%.

EOG Resources (NYSE:EOG) is currently priced 5.0% above its average consensus analyst price target of $158.96. The stock should discover initial support at its 50-day moving average (MA) of $151.87 and subsequent support at its 200-day MA of $132.72.

By Mallory Stone