STOCK ADVISER NASDAQ

EQT Corporation. Stock analysis and Forecast. 07-07-2014

Hi, Another stock to pay attention, EQT seems to me that this stock is oversold. Let´s see the Technicals.

The Chart.

Supports and Resistances:

S1:$104.02 S2:$100.60 R1:$109.82 R2:$111

As you can see the price is inside an uptrend channel. Today is just in the low zone.

The macd Is close to zero and below the signal.

The RSI is at 42%

The stock is falling from a 109 price 9 sesions.

The stochastic is at 23% at the oversold zone.

The CCI is very low.

This is my bet for today and I recommend to buy this stock.

My actual targets are:

TG1: $108.68

TG2: $111.62

TG ext: 116.37

The fundamentals looks fine. This company have had a regular growth in the last 4 years.

In my opinion we will see this stock moving above the $107 soon.

Today has touch the 38.20 retracement so a doji or a hammer will be perfect for today.

That´s all! Enjoy the summer.