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Cabot Oil & Gas (COG) Breaks Through Resistance at $25.52

By Nick Russo

Cabot Oil & Gas (NYSE:COG) has opened bullishly above the pivot of $25.35 today and has reached the first level of resistance at $25.52. Should the shares continue to rise, the resistance pivots of $25.69 and $26.03 will be of interest.

In the past 52 weeks, shares of Cabot Oil & Gas have traded between a low of $20.02 and a high of $26.74 and are now at $25.53, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

There is potential upside of 13.2% for shares of Cabot Oil & Gas based on a current price of $25.53 and an average consensus analyst price target of $28.90. The stock should find initial support at its 50-day moving average (MA) of $22.54 and further support at its 200-day MA of $21.55.

SmarTrend recommended that subscribers consider buying shares of Cabot Oil & Gas on June 26th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.19. Since that recommendation, shares of Cabot Oil & Gas have risen 4.8%. We continue to monitor COG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts cabot oil & gas

Ticker(s): COG