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SmarTrend Watching for Potential Pullback in Shares of Eqt Corp After 4.89% Gain

By David Diaz

Eqt Corp (NYSE:EQT) traded in a range yesterday that spanned from a low of $18.13 to a high of $19.55. Yesterday, the shares gained 4.9%, which took the trading range above the 3-day high of $19.34 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Eqt Corp have traded between a low of $16.29 and a high of $60.29 and are now at $18.87, which is 16% above that low price. The 200-day and 50-day moving averages have moved 1.05% lower and 4.92% lower over the past week, respectively.

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 57.9%. 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