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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. 

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