Shares of natural gas giant EQT Corp (NYSE:EQT) pulled back from their Feb. 19 peak of $56.66 — the stock’s highest level in more than a decade — before finding support at the 100-day moving average near $45 in early March. From there, EQT staged an impressive rebound, adding 10.9% last month. While the equity dipped back below the $51.50 region to close out March, the technical picture and seasonal trends suggest another powerful rally could be brewing.
In fact, EQT is one of the best stocks to own in April. According to Schaeffer’s Senior Quantitative Analyst Rocky White, the equity has finished the month higher in eight of the past 10 years, averaging a solid 15.4% gain. A comparable move from its current perch at $54.60 would launch EQT to a fresh all-time high, above $60.
Plus, now may be an ideal time to speculate with options. EQT sports a Schaeffer’s Volatility Scorecard (SVS) of 75 out of 100, indicating the stock has consistently outperformed volatility expectations over the past year — a bullish indicator for premium buyers.
