Trading idea for EOG Resources, Inc. (NYSE)
EOG Resources, Inc. (NYSE)
#EOG
The trend is upward. The stock is trading between the 365-day and 135-day moving averages. The downward wave pattern is truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy upon the formation of an upward wave …