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Northern Oil And Gas: New 52-Week Low Set Today (NOG)

By James Quinn

Shares of Northern Oil And Gas (AMEX:NOG) traded at a new 52-week low today of $1.95. This new low was reached on below average trading volume as 91,000 shares traded hands, while the average 30-day volume is approximately 833,000 shares.

Northern Oil And Gas has overhead space with shares priced $1.95, or 66.8% below the average consensus analyst price target of $5.88. The stock should find initial resistance at its 50-day moving average (MA) of $4.39 and further resistance at its 200-day MA of $4.39.

In the past 52 weeks, shares of Northern Oil And Gas have traded between the current low of $1.95 and a high of $8.88 and are now at $1.95. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 4.6%.

Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company is currently focused on the Rocky Mountain regions of the United States.

SmarTrend recommended that its subscribers protect gains by selling shares of Northern Oil And Gas on May 9th, 2016 by issuing a Downtrend alert when the shares were trading at $4.66. Since that call, shares of Northern Oil And Gas have fallen 57.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows amex:nog northern oil and gas

Ticker(s): NOG