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EOG Resources Shares Climbing Higher, Up 1.2%

Published on Thu, 03/14/2013 - 10:28
By Mallory Stone

EOG Resources (NYSE:EOG) is one of today's notable stocks on the rise, up 1.2% to $131.49. The Dow Jones Industrial Average is now trading 0.4% higher to 14,514 and the S&P is trading 0.4% higher to 1,560.

EOG Resources has overhead space with shares priced $131.49, or 9.7% below the average consensus analyst price target of $145.66. The stock should discover initial support at its 50-day moving average (MA) of $126.80 and subsequent support at its 200-day MA of $112.37.

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 $131.49, which is 59% above that low price. The 200-day and 50-day moving averages have moved 0.38% higher and 0.42% higher over the past week, respectively.

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 Mallory Stone