Coterra Energy Inc

CTRA has decisively broken below its prior support zone and 50 SMA on heavy volume, confirming a Support Failure pattern and signaling accelerated downside. Intermediate structure is compromised, warranting a bearish medium-term bias. Short-term momentum is negative, with price falling through the 9/20/50 EMAs. We will Sell Now to participate in further breakdowns, focusing on any minor rallies into the former support area around the 50 SMA and EMA zone as execution points.

• ↑Q3 avg production 770–810 MBOE/d, topping annual guidance
• ↑Q2 revenue $1.7B, net income $511M on tax benefits
• ↓Marcellus drilling curtailed as spot gas prices stay low