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Sm Energy Co: The Losing Streak Continues (SM)

By David Diaz

Sm Energy Co (NYSE:SM) traded at a new 52-week low today of $10.16. This new low was reached on below average trading volume as 308,000 shares traded hands, while the average 30-day volume is approximately 3.9 million shares.

SM Energy Company is an independent energy company that explores for and produces natural gas and crude oil. The Company's operations are focused on The ArkLaTex, Gulf Coast, Mid-Continent, Rocky Mountains, and Permian Basin regions.

There is potential upside of 198.9% for shares of Sm Energy Co based on a current price of $10.16 and an average consensus analyst price target of $30.37. The stock should run into initial resistance at its 50-day moving average (MA) of $12.63 and subsequent resistance at its 200-day MA of $18.32.

In the past 52 weeks, Sm Energy Co share prices have been bracketed by a current low of $10.16 and a high of $33.76 and are now at $10.16. Over the past week, the 200-day moving average (MA) has gone down 1.7% while the 50-day MA has declined 2.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Sm Energy Co on May 2nd, 2019 by issuing a Downtrend alert when the shares were trading at $14.40. Since that call, shares of Sm Energy Co have fallen 28.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows sm energy co

Ticker(s): SM