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Eqt Corp: New 52-Week Low Set Today (EQT)

By Shiri Gupta

Eqt Corp (NYSE:EQT) traded today at a new 52-week low of $15.01. So far today approximately 790,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 million shares.

There is potential upside of 381.5% for shares of Eqt Corp based on a current price of $15.01 and an average consensus analyst price target of $72.27. The stock should run into initial resistance at its 50-day moving average (MA) of $19.22 and subsequent resistance at its 200-day MA of $20.26.

In the past 52 weeks, Eqt Corp share prices have been bracketed by a current low of $15.01 and a high of $31.24 and are now at $15.01. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 0.9%.

EQT Corporation operates as a natural gas production company in the United States. It produces natural gas, natural gas liquids (NGLs), and crude oil. As of December 31, 2018, this segment had 21.8 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 1.4 million gross acres. The company was founded in 1925 and is headquartered in Pittsburgh, Pennsylvania.

SmarTrend recommended that its subscribers protect gains by selling shares of Eqt Corp on May 29th, 2019 by issuing a Downtrend alert when the shares were trading at $18.43. Since that call, shares of Eqt Corp have fallen 16.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows eqt corp

Ticker(s): EQT