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EOG Resources Makes a Move: Up 1.7%

Published on Tue, 03/26/2013 - 12:23
By Adrienne Chilton

One of today's stocks on the move is EOG Resources (NYSE:EOG), up 1.7% to $126.04. The S&P is currently trading 0.5% higher to 1,559 and the Dow Jones Industrial Average is trading 0.5% higher to 14,528.

Over the past year, EOG Resources has traded in a range of $82.48 to $138.20 and is now at $126.04, 53% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

EOG Resources (NYSE:EOG) has potential upside of 15.6% based on a current price of $126.04 and analysts' consensus price target of $145.66. The stock should find resistance at its 50-day moving average (MA) of $127.24, as well as support at its 200-day MA of $113.55.

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.

By Adrienne Chilton