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Qep Resources In: The Winning Streak Continues (QEP)

By Shiri Gupta

Shares of Qep Resources In (NYSE:QEP) traded today at $13.43, breaking its 52-week high. So far today approximately 349,000 shares have been exchanged, as compared to an average 30-day volume of 5.1 million shares.

Qep Resources In share prices have moved between a 52-week high of $13.43 and a 52-week low of $7.02 and are now trading 91% above that low price at $13.41 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.5% while the 200-day MA has risen 1.3%.

Qep Resources In (NYSE:QEP) has potential upside of 10.4% based on a current price of $13.41 and analysts' consensus price target of $14.80. The stock should find initial support at its 50-day moving average (MA) of $11.03 and further support at its 200-day MA of $9.37.

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.

SmarTrend recommended that subscribers consider buying shares of Qep Resources In on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.57. Since that recommendation, shares of Qep Resources In have risen 53.6%. We continue to monitor QEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows qep resources in

Ticker(s): QEP