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Cabot Oil & Gas: New 52-Week Low Set Today (COG)

By Shiri Gupta

Cabot Oil & Gas (NYSE:COG) traded at a new 52-week low today of $16.68. This new low was reached on below average trading volume as 778,000 shares traded hands, while the average 30-day volume is approximately 8.1 million shares.

Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.

Cabot Oil & Gas (NYSE:COG) has potential upside of 74.3% based on a current price of $16.78 and analysts' consensus price target of $29.24. Cabot Oil & Gas shares should first meet resistance at the 50-day moving average (MA) of $22.10 and find additional resistance at the 200-day MA of $24.42.

In the past 52 weeks, shares of Cabot Oil & Gas have traded between the current low of $16.68 and a high of $27.65 and are now at $16.78. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Cabot Oil & Gas on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $25.27. Since that call, shares of Cabot Oil & Gas have fallen 32.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows cabot oil & gas

Ticker(s): COG