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Watch for Cabot Oil & Gas to Potentially Rebound After Falling 1.56% Yesterday

By Nick Russo

Cabot Oil & Gas (NYSE:COG) traded in a range yesterday that spanned from a low of $23.18 to a high of $23.78. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $23.54 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 $23.21, 7% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has remained constant.

Keywords: rebounders cabot oil & gas

Ticker(s): COG