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After Yesterday's Rally of 3.55% Shares Could Potentially Pullback

By Shiri Gupta

Antero Resources (NYSE:AR) traded in a range yesterday that spanned from a low of $19.31 to a high of $19.90. Yesterday, the shares gained 3.5%, which took the trading range above the 3-day high of $19.54 on volume of 2.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Antero Resources has traded in a range of $16.31 to $22.68 and is now at $19.84, 22% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Antero Resources and will alert subscribers who have AR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders antero resources

Ticker(s): AR