EOG Resources, Inc.(EOG) has rising momentum with an uptrend

(28-Feb-2008) (28-Feb-2008) EOG Resources, Inc.(EOG) closed at 105.68, down -2.55 or -2.36 % today. Based on our analysis, EOG Resources, Inc.(EOG) has rising momentum with an uptrend.

The closing price of EOG Resources, Inc.(EOG) is above its 50 day moving average of 91.29 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that EOG Resources, Inc.(EOG) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 1-Feb-2008, about 19 trading days ago.