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Cabot Oil & Gas Falls 1.56% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.18 to a high of $23.78. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $23.54 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of Cabot Oil & Gas have traded between a low of $21.71 and a high of $29.57 and are now at $23.21, which is 7% above that low price. The 200-day and 50-day moving averages have moved 0.16% lower and 0% lower over the past week, respectively.

Keywords: rebounders cabot oil & gas

Ticker(s): COG