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Watch for Eqt Corp to Potentially Rebound After Falling 1.24% Yesterday

By James Quinn

Eqt Corp (NYSE:EQT) traded in a range yesterday that spanned from a low of $54.70 to a high of $55.90. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $55.62 on volume of 628,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Eqt Corp share prices have been bracketed by a low of $43.70 and a high of $67.84 and are now at $54.88, 26% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.7%.

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