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Bullish Moving Average Cross by Cabot Oil & Gas (COG)

By David Diaz

Today, shares of Cabot Oil & Gas (NYSE:COG) have crossed bullishly above their 10-day moving average of $23.48 on a volume of 1.1 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Cabot Oil & Gas share prices have been bracketed by a low of $21.71 and a high of $29.57 and are now at $23.72, 9% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.17% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Cabot Oil & Gas and will alert subscribers who have COG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cabot oil & gas

Ticker(s): COG