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Shares of Eqt Corp Fall to a New 52-Week Low

By Nick Russo

Eqt Corp (NYSE:EQT) traded at a new 52-week low today of $10.94. This new low was reached on below average trading volume as 943,000 shares traded hands, while the average 30-day volume is approximately 5.7 million shares.

Over the past year, Eqt Corphas traded in a range of $10.94 to $28.31 and are now at $10.94. The 200-day and 50-day moving averages have moved 0.68% lower and 2.62% lower over the past week, respectively.

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.

There is potential upside of 560.6% for shares of Eqt Corp based on a current price of $10.94 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 $14.37 and subsequent resistance at its 200-day MA of $18.22.

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 38.4%. 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