Vanguard Natural Resources Looks to Continue to Trade Below its Annual-Low Share Price Today
Vanguard Natural Resources (NYSE:VNR) traded at a new 52-week low today of $0.50. Approximately 750,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.
In the past 52 weeks, Vanguard Natural Resources share prices have been bracketed by a current low of $0.50 and a high of $17.59 and are now at $0.57. Over the last five market days, the 200-day moving average (MA) has gone down 3.7% while the 50-day MA has declined 1.9%.
There is potential upside of 1,953.1% for shares of Vanguard Natural Resources based on a current price of $0.57 and an average consensus analyst price target of $11.73. The stock should find initial resistance at its 50-day moving average (MA) of $1.80 and further resistance at its 200-day MA of $5.04.
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 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 58.2%. 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