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After Yesterday's Rally of 1.21% Shares Could Potentially Pullback

By David Diaz

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.78 to a high of $24.36. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $24.27 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $24.18, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

SmarTrend is tracking the current trend status for Cabot Oil & Gas and will alert subscribers who have COG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cabot oil & gas

Ticker(s): COG