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Cabot Oil & Gas Rises 1.44% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.50 to a high of $24.07. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $23.83 on volume of 2.1 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.

Over the past year, Cabot Oil & Gas has traded in a range of $21.71 to $29.57 and is now at $23.93, 10% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Keywords: rebounders cabot oil & gas

Ticker(s): COG