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EOG Resources Shares Climbing Higher, Up 2.2%

Published on Fri, 02/08/2013 - 11:18
By Robert Cotter

EOG Resources (NYSE:EOG), a company whose shares are moving quickly, is trading 2.2% higher to $132.59. The Dow Jones Industrial Average is now trading 0.5% higher to 14,012 and the S&P is trading 0.6% higher to 1,518.

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.

Potential upside of 3.9% exists for EOG Resources, based on a current level of $132.59 and analysts' average consensus price target of $137.78. The stock should discover initial support at its 50-day moving average (MA) of $122.94 and subsequent support at its 200-day MA of $109.63.

In the past 52 weeks, EOG Resources share prices have been bracketed by a low of $82.48 and a high of $132.68 and are now at $132.59, 61% 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 0.7%.

By Robert Cotter
rcotter@fnno.com