Bullish on EOG Resources Inc.
EOG Resources Inc. has shown significant stock price movement, rising from $28.14 in October 2020 to $145.87 in October 2022. After a breakout earlier this year, the stock reached a high of $151.87 but has since pulled back toward its average. Analysts suggest that the stock is poised to resume its uptrend, with potential targets of $155 and $170.
- ▪EOG Resources stock rallied from $28.14 in October 2020 to $145.87 in October 2022.
- ▪Earlier this year, the stock broke out of a trading range and hit a high of $151.87.
- ▪The stock has found support after pulling back and is expected to resume its uptrend.
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| Original publisher | The Globe and Mail |
| Canonical URL | https://www.theglobeandmail.com/investing/investment-ideas/article-bullish-on-eog-resources-inc/ |
| Publication time | Tue, 19 May 2026 22:16:50 +0000 |
| Retrieval time | 2026-05-19T22:19:58.478Z |
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Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:stockShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEOG Resources (EOG-N, Monday’s close US$142.99) rallied from US$28.14 in October, 2020, to US$145.87 in October, 2022, (A–B) while trading above its rising 40-week Moving Average (40wMA). The stock then transitioned into a wide horizontal trading range, fluctuating mostly between US$100 and US$140 (dashed lines).Earlier this year, the stock had a breakout from this range and reached a high of US$151.87 (C). The stock was overbought at this time and trading far above its average. It then pulled back toward its average where it appears to have found support (D) and now appears ready to resume the uptrend.
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