Shares of FX Energy Fall to a New 52-Week Low
Shares of FX Energy (NASDAQ:FXEN) traded today at $3.76, breaking its 52-week low. This new low was reached on below average trading volume as 92,000 shares traded hands, while the average 30-day volume is approximately 251,000 shares.
In the past 52 weeks, shares of FX Energy have traded between the current low of $3.76 and a high of $8.77 and are now at $3.78. The 200-day and 50-day moving averages have moved 0.42% lower and 0.23% lower over the past week, respectively.
FX Energy (NASDAQ:FXEN) has potential upside of 93.6% based on a current price of $3.78 and analysts' consensus price target of $7.32. The stock should find initial resistance at its 50-day moving average (MA) of $4.16 and further resistance at its 200-day MA of $5.58.
FX Energy, Inc. explores for and produces oil and gas, primarily in the Republic of Poland. The Company also has limited oil production and reserves in Montana and Nevada, as well as oil and gas exploration projects in other western states.
SmarTrend recommended that its subscribers protect gains by selling shares of FX Energy on October 4th, 2012 by issuing a Downtrend alert when the shares were trading at $7.00. Since that call, shares of FX Energy have fallen 45.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows fx energy