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Next Support Level for Cabot Oil & Gas (COG) is $52.24

Published on Mon, 02/04/2013 - 10:51
By Robert Cotter

Shares of Cabot Oil & Gas (NYSE:COG) have bearishly opened below the pivot of $53.08 today and have reached the first support level of $52.71. Analysts will be watching for a cross of the next downside pivot targets of $52.24 and $51.40.

Cabot Oil & Gas (NYSE:COG) has potential upside of 4.0% based on a current price of $52.72 and analysts' consensus price target of $54.80. Cabot Oil & Gas shares have support at the 50-day moving average (MA) of $49.52 and additional support at the 200-day MA of $42.50.

Cabot Oil & Gas Corporation is an independent oil and gas company that develops, exploits, and explores oil and gas properties located in North America. The Company holds interests Appalachian Basin, onshore Gulf Coast, including south and east Texas and north Louisiana, the Rocky Mountains and the Anadarko Basin as well as in the deep gas basin of Western Canada.

In the past 52 weeks, shares of Cabot Oil & Gas have traded between a low of $28.84 and a high of $53.62 and are now at $52.72, which is 83% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 0.9%.

By Robert Cotter
rcotter@fnno.com