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Watch for Eqt Corp to Potentially Pullback After Gaining 1.91% Yesterday

By Nick Russo

Eqt Corp (NYSE:EQT) traded in a range yesterday that spanned from a low of $51.85 to a high of $53.36. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $52.25 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 $43.70 and a high of $80.61 and are now at $53.06, which is 21% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Eqt Corp and will alert subscribers who have EQT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders eqt corp

Ticker(s): EQT