Watch for Continued Losses in Shares of Vanguard Natural Resources (VNR)
Shares of Vanguard Natural Resources (NYSE:VNR) traded at a new 52-week low today of $1.27. So far today approximately 983,000 shares have been exchanged, as compared to an average 30-day volume of 2.4 million shares.
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.
Over the past year, Vanguard Natural Resourceshas traded in a range of $1.27 to $17.59 and are now at $1.28. Over the past week, the 200-day moving average (MA) has gone down 3.7% while the 50-day MA has declined 1.9%.
Vanguard Natural Resources (NYSE:VNR) has potential upside of 816.2% based on a current price of $1.28 and analysts' consensus price target of $11.73. The stock should run into initial resistance at its 50-day moving average (MA) of $1.80 and subsequent resistance at its 200-day MA of $5.04.
SmarTrend is monitoring the recent change of momentum in Vanguard Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Vanguard Natural Resources in search of a potential trend change.
Keywords: 52 week high/lows vanguard natural resources