chart pretty much says it all except to mention that EOG put in the bearish engulfing candlestick just pennies shy of challenging it’s multi-year high. while anything is possible, i would be surprised if this stock has the energy to break-out and hold a new high before pulling back or at least consolidating for a while. i think the R/R on a short here with a stop on a solid close (maybe even 2 days) above that recent high is pretty good. first target (not shown below) around the 107.60ish area but i will update some additional targets next week if/as the trade starts to play out.
