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

By David Diaz

Cabot Oil & Gas (NYSE:COG) crossed over its 10-day moving average of $24.91 on a volume of 627K 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 $14.88 and a high of $35.64 and are now at $25.03, 68% above that low price. 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 recommended that subscribers consider buying shares of Cabot Oil & Gas on December 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.46. Since that recommendation, shares of Cabot Oil & Gas have risen 41.7%. We continue to monitor COG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cabot oil & gas

Ticker(s): COG