EQT Corp is down 1.5% at $54.06, but still holds a 17.4% year-to-date lead, with support at $52. Historical data suggests a bullish signal that could reverse the recent pullback.

EQT is close to its 126-day moving average, with shares spending 80% of the past two months above it. The last five similar signals resulted in the equity being higher one month later 60% of the time, averaging a 7.1% gain.

Short-term options traders are bearish, reflected in a high put/call open interest ratio. If this pessimism unwinds, it could provide additional support for EQT.

Options offer an affordable way to capitalize on EQT’s movements, as the stock’s volatility index is low at 33%, in the 9th percentile of its annual range. Traders are expecting minimal volatility.

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