SOLD EOG (EOG Resources) +6.62% GAIN

May 9, 2008 -

I entered into this trade at $129.07/Share and sold it today at $137.61 for a 6.62% gain.

My stop was at $125 and my target was $140. 2.69 was my R.

Based on STO, the stock is still overbought. With the market the way it has been, consolidating, I figured it would be a good time to get out in the short run.

This chart has been relatively solid the past three or so years. I will be looking for a reentry point as it nears oversold.

Until then, I'll be sitting in cash and looking for other setups.
 
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