After Yesterday's Rally of 2.17% Shares Could Potentially Pullback
Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.82 to a high of $24.69. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $24.24 on volume of 2.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
SmarTrend recommended that subscribers consider buying shares of Cabot Oil & Gas on December 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.46. Since that recommendation, shares of Cabot Oil & Gas have risen 37.3%. We continue to monitor COG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
In the past 52 weeks, shares of Cabot Oil & Gas have traded between a low of $14.88 and a high of $35.64 and are now at $24.50, which is 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.5%.
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