SmarTrend Watching for Potential Rebound in Shares of Cabot Oil & Gas After 3.18% Loss
Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.50 to a high of $24.36. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $23.94 on volume of 2.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend recommended that subscribers consider buying shares of Cabot Oil & Gas on December 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.46. Since that recommendation, shares of Cabot Oil & Gas have risen 39.7%. We continue to monitor COG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Over the past year, Cabot Oil & Gas has traded in a range of $14.88 to $35.64 and is now at $23.51, 58% above that low. 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