for those in the trade, be aware that EOG is approaching the top of the 2nd, and final, target zone. although my preferred target is the bottom of this particular target zone, when i use target zones vs. the usually single horizontal line, that means that the odds of a bounce begin to rise significantly as prices hit the top of those zones. therefore, anyone short and holding out for the bottom of the zone (most likely bounce level) should continue to monitor this trade, along with the broad markets, for any signs of a reversal. a simple strategy would be to begin trailing a tight stop on EOG at this point. that would allow for additional gains if the stock keeps falling or stop you out at or above the roughly 12% gain on this trade so far.