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Watch for Cabot Oil & Gas to Potentially Rebound After Falling 1.10% Yesterday

By David Diaz

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $22.45 to a high of $23.08. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $22.69 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cabot Oil & Gas have traded between a low of $14.88 and a high of $35.64 and are now at $22.89, which is 54% above that low price. The 200-day and 50-day moving averages have moved 0.45% lower and 1.41% higher over the past week, respectively.

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.

Keywords: rebounders cabot oil & gas

Ticker(s): COG