Don't Ignore This Chart

Cabot Oil And Gas (COG) Shifts A Gear Higher

 | 

Cabot Oil and Gas (COG) is not just another cog in the oil-patch wheel. This peppy producer just broke out to two year highs, contrary to all the naysayers who keep looking back at the performance charts for energy.


It has been making higher highs and higher lows since last October and this thrust above resistance couldn't be more welcome in an industry full of bearish charts. The SCTR surged above the 75 level to 92 and looks like its just getting its head of steam.

Good trading,
Greg Schnell, CMT, MFTA

Enjoy this article? Hear more from Greg Schnell at

August 10th & 11th, 2018


See how the experts are protecting themselves from market volatility and reducing risk in uncharted waters

Join us online this August for two full days of investing insights, charting wisdom and market commentary from the industry's leading technicians. Streaming live wherever you are, you'll learn exactly how the experts are navigating the market's changing tides and remaining profitable in all conditions.

Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is also the author of Stock Charts for Dummies (Wiley, 2018). Learn More
Subscribe to Don't Ignore This Chart to be notified whenever a new post is added to this blog!
comments powered by Disqus