DailyPlay for Tuesday September 15th, 2015 – Cabot Oil & Gas Corporation (COG)

The bearish DailyPlay we chose for Tuesday September 15th is Cabot Oil & Gas Corporation (COG). COG is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 8.56% move lower as both trends remain bearish.

Cabot Oil & Gas Corporation has been in a strong bearish trend since July 2015 as it recently bounced lower off its $24.14 resistance level with negative momentum. With a technical score of 2 (out of 10), COG looks positioned to continue this strong bearish trend lower towards $20.94.

View this trade idea on $COG