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Recent 52-Week Low Surpassed in Shares of Antero Resources (AR)

By Shiri Gupta

Antero Resources (NYSE:AR) traded at a new 52-week low today of $18.23. So far today approximately 229,000 shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.

In the past 52 weeks, Antero Resources share prices have been bracketed by a current low of $18.23 and a high of $28.92 and are now at $18.35. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

Antero Resources Corporation explores, develops, and produces oil and natural gas. The Company focuses on the acquisition, development, and production of unconventional oil and liquids-rich natural gas properties. Antero Resources serves customers in the United States.

Antero Resources has overhead space with shares priced $18.35, or 41.6% below the average consensus analyst price target of $31.43. The stock should run into initial resistance at its 200-day moving average (MA) of $24.12 and subsequent resistance at its 50-day MA of $25.46.

SmarTrend recommended that its subscribers protect gains by selling shares of Antero Resources on June 20th, 2017 by issuing a Downtrend alert when the shares were trading at $20.68. Since that call, shares of Antero Resources have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows antero resources

Ticker(s): AR