Shares of Vanguard Natural Resources Fall Below Previous 52-Week Low
Vanguard Natural Resources (NYSE:VNR) traded today at a new 52-week low of $0.92. This new low was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 2.4 million shares.
Vanguard Natural Resources LLC. is an independent natural gas and oil company. The Company develops and exploits mature, long-lived natural gas and oil properties.
In the past 52 weeks, Vanguard Natural Resources share prices have been bracketed by a current low of $0.92 and a high of $17.59 and are now at $0.94. Over the past week, the 200-day moving average (MA) has gone down 3.7% while the 50-day MA has declined 1.9%.
Potential upside of 1,147.7% exists for Vanguard Natural Resources, based on a current level of $0.94 and analysts' average consensus price target of $11.73. Vanguard Natural Resources shares should first meet resistance at the 50-day moving average (MA) of $1.80 and find additional resistance at the 200-day MA of $5.04.
SmarTrend recommended that its subscribers protect gains by selling shares of Vanguard Natural Resources on August 15th, 2016 by issuing a Downtrend alert when the shares were trading at $1.39. Since that call, shares of Vanguard Natural Resources have fallen 27.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows vanguard natural resources