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Antero Resources Falls 1.08% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Antero Resources (NYSE:AR) traded in a range yesterday that spanned from a low of $18.23 to a high of $18.46. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $18.27 on volume of 856,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Antero Resources share prices have moved between a 52-week high of $28.92 and the current low of $18.23 and are currently at $18.39 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Antero Resources on June 20th, 2017 by issuing a Downtrend alert when the shares were trading at $20.68. Since that call, shares of Antero Resources have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders antero resources

Ticker(s): AR