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Qep Resources In: New 52-Week Low Set Today (QEP)

By James Quinn

Shares of Qep Resources In (NYSE:QEP) traded today at $7.19, breaking its 52-week low. This new low was reached on below average trading volume as 386,000 shares traded hands, while the average 30-day volume is approximately 4.5 million shares.

Qep Resources In share prices have moved between a 52-week high of $21.12 and the current low of $7.19 and are currently at $7.31 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.2% while the 200-day MA has risen 0.4%.

QEP Resources Inc. is an independent natural gas and oil exploration and production company. The Company's operations are focused in the Rocky Mountain and Midcontinent regions of the United States. QEP also gathers, compresses, treats, and processes natural gas.

There is potential upside of 131.6% for shares of Qep Resources In based on a current price of $7.31 and an average consensus analyst price target of $16.93. Qep Resources In shares should first meet resistance at the 200-day moving average (MA) of $13.40 and find additional resistance at the 50-day MA of $13.78.

SmarTrend recommended that its subscribers protect gains by selling shares of Qep Resources In on January 11th, 2017 by issuing a Downtrend alert when the shares were trading at $17.85. Since that call, shares of Qep Resources In have fallen 59.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows qep resources in

Ticker(s): QEP