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

By James Quinn

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $25.13 to a high of $25.65. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $25.35 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Cabot Oil & Gas share prices have moved between a 52-week high of $29.57 and a 52-week low of $20.02 and are now trading 27% above that low price at $25.50 per share. 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 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