EQT Corporation is a vertically integrated natural gas company with operations focused on the Appalachian Basin. It has 27.6 trillion cubic feet equivalent (Tcfe) of proved natural gas, natural gas liquids (NGLs) and oil reserves across over 2.1 million gross acres. It has operations in Pennsylvania, West Virginia and Ohio. It is focused on the execution of combo-development projects, which refers to the development of several multi-well pads in tandem. It owns or leases over 610,000 net acres in Pennsylvania. It also owns or leases approximately 405,000 net acres in West Virginia. It is developing the Marcellus Shale and Upper Devonian Shale in this area.
When researching a stock like EQT, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from EQT Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for EQT stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the EQT 200 day moving average ("EQT 200 DMA"), while one of the most popular "shorter look-backs" is the EQT 50 day moving average ("EQT 50 DMA"). A chart showing both of these popular moving averages is shown on this page for EQT. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the EQT 200 DMA and the EQT 50 DMA, we get a moving average convergence divergence indicator ("EQT MACD"). The EQT MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis