Cup and Handle/Earnings Today AMC

NYSE:EOG   EOG Resources, Inc
Earnings after market closes today. This moves with oil .

Looks like they are expected to beat estimates, but even if they do, a lot depends on how well the news is received.

Price is a ways above the 50 SMA . The 50,100 and 200 as well as the 20 are sloping up with bullish moving average crossovers noted.

Appears to be a Bull Flag but a flag is a consolidation pattern, a pull back pattern as well and can break up or down.

No recommendation.

EOG Resources, Inc. , together with its subsidiaries, explores for, develops, produces, and markets crude oil , and natural gas and natural gas liquids. Its principal producing areas are in New Mexico and Texas in the United States; the Republic of Trinidad and Tobago; the People's Republic of China; and the Sultanate of Oman. As of December 31, 2020, it had total estimated net proved reserves of 3,220 million barrels of oil equivalent, including 1,514 million barrels (MMBbl) of crude oil and condensate reserves; 813 MMBbl of natural gas liquid reserves; and 5,360 billion cubic feet of natural gas reserves. The company was formerly known as Enron Oil & Gas Company. EOG Resources, Inc. was incorporated in 1985 and is headquartered in Houston, Texas.
Comment: I am not sure how oil will do in the long run, although this administration is pushing prices UP for sure! I do not understand how buying oil from other countries helps climates change? But either/or/EOG is a healthy stock.