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Watch for Continued Losses in Shares of Antero Resources (AR)

By James Quinn

Shares of Antero Resources (NYSE:AR) traded at a new 52-week low today of $5.26. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 7.2 million shares.

Over the past year, Antero Resourceshas traded in a range of $5.26 to $22.69 and are now at $5.26. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 2.5%.

Antero Resources Corporation explores, develops, and produces oil and natural gas. The Company focuses on the acquisition, development, and production of unconventional oil and liquids-rich natural gas properties. Antero Resources serves customers in the United States.

Antero Resources has overhead space with shares priced $5.26, or 78.3% below the average consensus analyst price target of $24.26. The stock should find initial resistance at its 50-day moving average (MA) of $7.10 and further resistance at its 200-day MA of $11.26.

SmarTrend recommended that its subscribers protect gains by selling shares of Antero Resources on February 6th, 2019 by issuing a Downtrend alert when the shares were trading at $9.53. Since that call, shares of Antero Resources have fallen 43.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows antero resources

Ticker(s): AR