Shares of Vanguard Natural Resources Has Fallen Below Previous 52-Week Low
Vanguard Natural Resources (NYSE:VNR) traded today at a new 52-week low of $1.07. Approximately 602,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
Potential upside of 919.8% exists for Vanguard Natural Resources, based on a current level of $1.15 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.
Over the past year, Vanguard Natural Resourceshas traded in a range of $1.07 to $17.59 and are now at $1.15. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 3.7%.
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.
SmarTrend is monitoring the recent change of momentum in Vanguard Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vanguard Natural Resources in search of a potential trend change.
Keywords: 52 week high/lows vanguard natural resources