The Chart of the Day belongs to the oil & gas company EQT Corporation (EQT). I found the stock by using Barchart’s powerful screening function to find the stock with the highest Weighted Alpha and technical buy signals that are closest to their 52 week highs, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 2/16 the stock gained 67.25%. The stock is within .28% of its 52 week high.
EQT Corporation operates as a natural gas production company in the United States. The company produces natural gas, natural gas liquids (NGLS), including ethane, propane, isobutane, butane, and natural gasoline. As of December 31, 2021, it had 25.0 trillion cubic feet of proved natural gas, NGLs, and crude oil reserves across approximately 2.0 million gross acres, including 1.7 million gross acres in the Marcellus play. The company was founded in 1878 and is headquartered in Pittsburgh, Pennsylvania. (Source: Seeking Alpha)
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Analysts and Investor Sentiment – I don’t buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it’s hard to make money swimming against the tide:
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