Trading Ideas for Cabot Oil & Gas Corporation (NYSE)

 #COG 

Support level 15.80 is holding back sellers. The descending structure was truncated and ended in a breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while the moving averages of Stochastic Oscillator crossed in the oversold range and are directed upwards.

Trading recommendations:

Buy on the formation of an ascending pattern, above 17.60. 

Stop Loss: 15.80.

Target levels: 20.27; 22.10.