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After Yesterday's Rally of 1.23% Shares Could Potentially Pullback

By Amy Schwartz

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $26.15 to a high of $26.30. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $25.99 on volume of 1.3 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 $20.95 and a high of $27.40 and are now at $26.30, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Cabot Oil & Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cabot Oil & Gas in search of a potential trend change.

Keywords: rebounders cabot oil & gas

Ticker(s): COG