EOG pops to highest close since Inception


EOG Resources (EOG) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team

Highlights

EOG rallies 3.83% on high volume
EOG dominated by bulls lifting the market higher throughout the day
EOG closes higher for the 4th day in a row
EOG ends the day on a bullish note closing near the high of the day
EOG pushes through previous session high

Overview

Moving higher for the 4th day in a row, EOG finished Thursday at 126.15 surging $4.65 (3.83%) on high volume. This is the biggest single day gain in over a year. Today's closing price of 126.15 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 121.87, the share confirms its breakout through the prior session's high having traded $4.58 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (EOG as at May 17, 2018):

Daily technical analysis candlestick chart for EOG Resources (EOG) as at May 17, 2018

Thursday's trading range was $4.45 (3.65%), that's far above last trading month's daily average range of $2.61. Weekly volatility is also higher, being way above the markets average with the monthly volatility being slightly below average.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.


Market Conditions for EOG as at May 17, 2018

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