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Shares of Consol Energy Fall Below Previous 52-Week Low

By James Quinn

Shares of Consol Energy (NYSE:CNX) traded today at $8.20, breaking its 52-week low. So far today approximately 451,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

CNX Resources Corporation, an independent oil and gas company, explores for, develops, and produces natural gas primarily in the Appalachian Basin. The company operates through two divisions, Exploration and Production (E&P), and Midstream.

Over the past year, Consol Energyhas traded in a range of $8.20 to $18.37 and are now at $8.20. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 1.1%.

Consol Energy (NYSE:CNX) has potential upside of 141.2% based on a current price of $8.20 and analysts' consensus price target of $19.78. The stock should find initial resistance at its 50-day moving average (MA) of $10.07 and further resistance at its 200-day MA of $12.63.

SmarTrend is tracking the current trend status for Consol Energy and will alert subscribers who have CNX in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows consol energy

Ticker(s): CNX