jeffyanzo
Long

Oversold just hit 52 week low - time to purchase

NYSE:COG   CABOT OIL & GAS CORP
COG is on the oversold list
I waited to make sure it would bounce back from its recent 52 week low. Although just got downgraded in the target price going from $25 to $21 (the other reason for a dip after Earnings ) I still find value if you can pick up enough shares.

Target is to get back to that earnings gap and take the profits.

What do you think?
Sep 13
Trade active: Setting up a stop to secure profits but not yet at goal. It is at $18.58, a nice little line of resistance when looking at a 5 min chart over lat couple days

Obviously wanting this to bump up over $19.04 so it can push through to the base of the Gap at $20.54
Sep 16
Trade closed: target reached: Hit my $19.20 mark today as it hit an alert after hours and triggered a stop.

Was hoping for a surge today and not a quick down turn

This is no negative tho- profit taken and on to the next trade!
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