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After Yesterday's Rally of 2.19% Shares Could Potentially Pullback

By Nick Russo

Eqt Corp (NYSE:EQT) traded in a range yesterday that spanned from a low of $45.68 to a high of $46.88. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $45.83 on volume of 1.0 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, Eqt Corp share prices have been bracketed by a low of $43.53 and a high of $66.03 and are now at $46.76, 7% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 1.02% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Eqt Corp on July 27th, 2018 by issuing a Downtrend alert when the shares were trading at $52.18. Since that call, shares of Eqt Corp have fallen 12.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders eqt corp

Ticker(s): EQT