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Shares of Ep Energy Corp-A Fall to a New 52-Week Low

By David Diaz

Shares of Ep Energy Corp-A (NYSE:EPE) traded today at $3.15, breaking its 52-week low. This new low was reached on below average trading volume as 141,000 shares traded hands, while the average 30-day volume is approximately 3.6 million shares.

EP Energy Corporation operates an on-shore oil and natural gas exploration and production company. The Company focuses on the development of its properties located in the States of Texas, Utah, and Louisiana.

In the past 52 weeks, Ep Energy Corp-A share prices have been bracketed by a current low of $3.15 and a high of $7.49 and are now at $3.15. Over the last five market days, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has advanced 5.6%.

Ep Energy Corp-A (NYSE:EPE) has potential upside of 45.7% based on a current price of $3.15 and analysts' consensus price target of $4.59. The stock should find initial resistance at its 50-day moving average (MA) of $4.53 and further resistance at its 200-day MA of $5.10.

SmarTrend recommended that its subscribers protect gains by selling shares of Ep Energy Corp-A on June 2nd, 2017 by issuing a Downtrend alert when the shares were trading at $4.04. Since that call, shares of Ep Energy Corp-A have fallen 20.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ep energy corp-a

Ticker(s): EPE