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Watch for Shares of Cabot Oil & Gas (COG) to Approach Support at $23.59

Apr 21, 2017 (SmarTrend(R) News Watch via COMTEX) --

Shares of Cabot Oil & Gas (NYSE:COG) opened today below their pivot of $24.38 and have already reached the first level of support at $24.03. Should the shares continue to fall, the support pivots of $23.59 and $22.80 will be of interest.

There is potential upside of 18.3% for shares of Cabot Oil & Gas based on a current price of $24.26 and an average consensus analyst price target of $28.70. The stock should discover initial support at its 50-day moving average (MA) of $22.54 and subsequent support at its 200-day MA of $21.55.

Over the past year, Cabot Oil & Gas has traded in a range of $14.88 to $35.64 and is now at $24.26, 63% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

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.

Write to Chip Brian at cbrian@mysmartrend.com

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