Eog Resources $EOG Technical Update – Stock Traders Daily

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Eog Resources $EOG Technical Update

The Eog Resources (NYSE: EOG) update and the technical summary table below can help you manage risk and optimize returns. We have day, swing, and longer-term trading plans for EOG, and 1300 other stocks too, updated in real time for our trial subscribers. The data below is a snapshot, but updates are available now.

Review the Trading Plans:

Technical Summary

Term → Near Mid Long
Bias Neutral Weak Neutral
P1 117.61 112.30 110.89
P2 118.42 121.20 123.78
P3 119.30 130.37 136.47

Long Term Trading Plans for EOG

September 4, 2018, 2:45 pm ET

The Technical Summary and Trading Plans for EOG help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EOG Report.

EOG – (Long) Support Plan

Buy over 110.89 target 123.78 stop loss @ 110.63.
The technical summary data tells us to buy EOG near 110.89 with an upside target of 123.78. This data also tells us to set a stop loss @ 110.63 to protect against excessive loss in case the stock begins to move against the trade. 110.89 is the first level of support below 117.64 , and by rule, any test of support is a buy signal. In this case, support 110.89 would be being tested, so a buy signal would exist.

EOG – (Short) Resistance Plan

Short under 123.78 target 110.89 stop loss @ 124.04.
The technical summary data is suggesting a short of EOG as it gets near 123.78 with a downside target of 110.89. We should have a stop loss in place at 124.04 though. 123.78 is the first level of resistance above 117.64, and by rule, any test of resistance is a short signal. In this case, if resistance 123.78 is being tested, so a short signal would exist.

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