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Eqt Corp Rises 6.78% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Eqt Corp (NYSE:EQT) traded in a range yesterday that spanned from a low of $34.48 to a high of $37.20. Yesterday, the shares gained 6.8%, which took the trading range above the 3-day high of $35.64 on volume of 4.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Eqt Corp has traded in a range of $30.53 to $66.03 and is now at $36.86, 21% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 2.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Eqt Corp on October 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $42.77. Since that call, shares of Eqt Corp have fallen 18.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders eqt corp

Ticker(s): EQT