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

By Shiri Gupta

Shares of Antero Resources (NYSE:AR) traded today at $4.67, breaking its 52-week low. This new low was reached on below average trading volume as 2.1 million shares traded hands, while the average 30-day volume is approximately 9 million shares.

There is potential upside of 419.5% for shares of Antero Resources based on a current price of $4.67 and an average consensus analyst price target of $24.26. The stock should find initial resistance at its 50-day moving average (MA) of $6.30 and further resistance at its 200-day MA of $10.21.

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 share prices have moved between a 52-week high of $21.66 and the current low of $4.67 and are currently at $4.67 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 2.2%.

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 50.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows antero resources

Ticker(s): AR