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EQT is trading mid-range between its 52-week extremes, with support at the rising 50-day SMA and resistance at the 200-day SMA. The active Bearish Exhaustion inflection suggests sellers are losing control and a bottoming attempt may unfold, while the ongoing Lockout Rally continuation reflects underlying institutional demand. Price is pulling back into the EMAs on neutral momentum, creating a favorable entry zone. Short-term execution favors immediate participation as long as the 50-day SMA holds, targeting a potential retest of the 200-day SMA. A break below the 50-day SMA would invalidate the bullish medium-term bias, while a sustained move above the 200-day SMA would strengthen the broader uptrend.
- ↑Q2 revenue rose 15% YoY to $1.07B, reflecting operational strength.
- ↑Generated $330M free cash flow despite avg gas price of $2.89/MMBTU.
- ↓Reliance on volatile natural gas prices (avg $2.89/MMBTU) risks earnings.
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