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Actionable news in EOG: EOG RESOURCES Inc,

Buy EOG Resources (EOG) Stock Closer to $80

NEW YORK (TheStreet) -- Rounding out our survey of energy names today we looked at Action Alerts PLUS holding EOG Resources (EOG - Get Report) .

EOG, similar to other energy names, peaked last year but it had a rally in March and April that lifted prices back to their highs and temporarily above the declining 200-day moving average.

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Prices made a small double bottom in August and September followed by a sharp October rally that saw a retest of the 200-day average again.

In this longer-term chart of EOG we can see how the 40-week, or 200-day moving average has tracked prices nicely both on the upside and the downside. Also, we can point out that the recent dips to around $70 for EOG are the top end of a resistance zone from early 2013.

Last, we see a bullish divergence between the price lows in late 2014 and this summer, and the...


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