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

By Amy Schwartz

Shares of Northern Oil And (AMEX:NOG) traded at a new 52-week low today of $1.61. So far today approximately 871,000 shares have been exchanged, as compared to an average 30-day volume of 6.7 million shares.

Over the past year, Northern Oil Andhas traded in a range of $1.61 to $4.49 and are now at $1.61. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has declined 1.8%.

There is potential upside of 63.0% for shares of Northern Oil And based on a current price of $1.61 and an average consensus analyst price target of $2.62. Northern Oil And shares should first meet resistance at the 50-day moving average (MA) of $2.05 and find additional resistance at the 200-day MA of $2.55.

Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company produces petroleum products. Northern Oil and Gas 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 on May 7th, 2019 by issuing a Downtrend alert when the shares were trading at $2.27. Since that call, shares of Northern Oil And have fallen 28.5%. 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

Ticker(s): NOG