Company Description: EOG Resources, Inc., together with its subsidiaries, engages in the exploration, development, production, and marketing of natural gas and crude oil primarily in the United States, Canada, offshore Trinidad, and the United Kingdom North Sea. The company holds interests in the Fort Worth Basin, the Upper Gulf Coast area, the Permian Basin, the Rocky Mountain area, the Mid-Continent area, south Texas and the Gulf of Mexico, and the Appalachian Basin with approximately 3,204,000 net undeveloped acres in the United States. It owns interests in the southeast Alberta/southwest Saskatchewan shallow natural gas trends, including the Drumheller, Twining, and Halkirk areas, and the Pembina/Highvale area of central Alberta, the Grand Prairie/Wapiti area of northwest Alberta, and the Waskada area in southwest Manitoba with a total net undeveloped acreage of approximately 1,250,000 in Canada. EOG Resources has interests in the South East Coast Consortium Block offshore Trinidad with approximately 233,000 net undeveloped acres; and the Southern Gas Basin of the North Sea with approximately 177,000 net undeveloped acres in the United Kingdom. As of December 31, 2007, its total estimated net proved reserves were 7,745 billion cubic feet equivalent, including 6,669 billion cubic feet of natural gas, and 179 million barrels of crude oil, condensate, and natural gas liquids. The company was founded in 1985 and is based in Houston, Texas.

Our Analysis: The shares of EOG Resources, Inc. 'EOG' have moved solidly higher over the course of the last couple of trading days on heavier than normal trading volume. yesterday they moved solidly higher again on relatively heavier than normal trading volume, and in the process closed above several points of upside resistance. This is a is a fairly bullish trading signal. The shares of 'EOG' should continue to move higher and test $63.72/share, the point from which they gapped lower on the open of the point from which they gapped lower on the open of trading on February 17th, of this year. If the shares of 'EOG' close above that level, then I expect them to continue to move higher and test $79.99/share, the point from which the shares of 'EOG' gapped lower on the open of trading on December 4th, 2008. I see downside support on the shares of 'EOG' @ $60.73/share, and have set my stops accordingly at $60.31/share.