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Cabot Oil & Gas Crosses Above its 10-day MA (COG)

By David Diaz

Today, shares of Cabot Oil & Gas (NYSE:COG) have advanced above their 10-day MA of $22.81 on a volume of 1.5 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 $21.40 and a high of $29.57 and are now at $22.93, 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Cabot Oil & Gas on March 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $23.87. Since that call, shares of Cabot Oil & Gas have fallen 4.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses cabot oil & gas

Ticker(s): COG