Chart of the Day - Cabot Oil & Gas (COG)

The "Chart of the Day" is Cabot Oil & Gas (COG), which showed up on Monday's Barchart "All-Time High" and "Gap Up" lists. Cabot on Monday posted a new all-time high of $49.89 and closed +2.33%. Monday's close was towards the lower end of the day's range, which means that the stock may need to fill yesterday's gap and correct a bit lower before potentially regaining strength. TrendSpotter has been long since Oct 26 at $47.46. In recent news on the stock, Cabot on Oct 25 reported Q3 ex-items EPS of 21 cents, well above the consensus of 14 cents. Cabot Oil & Gas, with a market cap of $10 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.