Sponsored By:

Trade of the Day: Cabot Oil & Gas (COG)

COG is one of the top names in the industry

   

Cabot Oil & Gas (COG) is a medium-sized natural-gas producer whose strategy and shares have been among the best in the industry for the past 10 years. Shares were up 0.9% Friday in sync with fears that the Egyptian violence could potentially lead to trouble with oil supplies, but calmed down on Monday to end essentially flat.  Note that after the 2-for-1 stock split that went into effect Friday, the stock price was accordingly split in half.

But before the stock split, I’ve seen this $15 billion firm’s shares compressing into a trading zone the past three months (notably not falling in the June swoon for more than a couple days) and are now ready to break out.

Recommendation: Buy COG at current levels for a $38.50 target.

InvestorPlace advisor Jon Markman  writes a daily swing trading newsletter, Trader’s Advantage, which aims to capture profits of 15% to 40% and often as much as 100% to 200% in less than 90 days. 

Professional traders and hedge funds make huge profits off volatility.  Now, Jon’s service CounterPoint Options levels the playing field with the first service geared towards helping individual traders make steady, consistent profits with the VIX.  Get more information on Trader’s Advantage and CounterPoint Options today.

Follow Jon Markman at Google+.


Article printed from InvestorPlace Media, http://investorplace.com/247trader/trade-of-the-day-cabot-oil-gas-cog/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.