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

By James Quinn

Antero Resources (NYSE:AR) traded today at a new 52-week low of $3.40. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 10.4 million shares.

There is potential upside of 613.6% for shares of Antero Resources based on a current price of $3.40 and an average consensus analyst price target of $24.26. The stock should find initial resistance at its 50-day moving average (MA) of $5.13 and further resistance at its 200-day MA of $8.89.

In the past 52 weeks, Antero Resources share prices have been bracketed by a current low of $3.40 and a high of $20.21 and are now at $3.40. The 200-day and 50-day moving averages have moved 2.19% lower and 3.47% lower over the past week, respectively.

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.

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 63.0%. 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