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Cabot Oil & Gas Rises 1.37% on Heavy Volume: Watch For Potential Pullback

By Shiri Gupta

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.21 to a high of $23.66. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $23.37 on volume of 2.3 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 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, Cabot Oil & Gas share prices have been bracketed by a low of $20.02 and a high of $29.57 and are now at $23.61, 18% 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%.

Keywords: rebounders cabot oil & gas

Ticker(s): COG