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After Yesterday's Rally of 2.65% Shares Could Potentially Pullback

By Shiri Gupta

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.78 to a high of $24.53. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $23.78 on volume of 2.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Cabot Oil & Gas has traded in a range of $20.02 to $26.74 and is now at $24.26, 21% above that low. Over the last five market days, 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