Cabot Oil & Gas Bearish Moving Average Crossover Alert (COG)
Cabot Oil & Gas (NYSE:COG) shares have crossed bearishly below their 10-day moving average of $24.92 on a volume of 991K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Cabot Oil & Gas share prices have moved between a 52-week high of $35.64 and a 52-week low of $14.88 and are now trading 64% above that low price at $24.45 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.
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