The market is just opening and its better to confirm at close, anyway EOG looks like a safe short.
Eog market cap of 30 billion sort of diminish a takeover possibility, a float of 260+ millions and a daily volume of 2.4+ millions for the last 3 months give us ample liquidity.
The last earnings announcement was in February so no surprise in the near future, a 2.20 short ratio does not foresee a squeeze.
Stop loss for today is at 116.75
The volatility looks ready to start up.
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- Erick Stern
- I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write email@example.com Thanks, Erick