The “Chart of the Day” is Cabot Oil & Gas (COG), which showed up on Thursday’s Barchart “All Time High” list. Cabot on Thursday rallied by 7.73% and posted a new all-time high of $87.41. TrendSpotter has been Long since Oct 28 at $80.20. In recent news on the stock, Cabot on Oct 26 reported Q3 EPS of 34 cents versus the consensus of 36 cents, but reported continued drilling success in the Marcellus, Marmaton and Eagle Ford Shale Plays, along with new capacity expansion in the Marcellus. Caris on Oct 6 initiated coverage with a Buy and a target of $98. Cabot has periodically seen strength its stock price due to takeover chatter. Cabot Oil & Gas, with a market cap of $8.7 billion, is an independent oil and gas company engaged in the exploration, development, acquisition and exploitation of oil and gas properties located in four areas of the United States: the onshore Texas and Louisiana Gulf Coast; the Rocky Mountains; Appalachia; and the Mid-Continent or Anadarko Basin.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “All Time High” list. In order to get to that list, we first clicked on the Stocks menu item on the Barchart home page, then on the “All Time Highs” menu item on the left menu bar. We then sorted the list by percentage gainers by clicking on the “Percent” column title. A stock that has posted a new All-Time high is typically showing strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 80% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 96% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
