• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Antero Resources After 6.63% Gain

By Amy Schwartz

Antero Resources (NYSE:AR) traded in a range yesterday that spanned from a low of $2.04 to a high of $2.15. Yesterday, the shares gained 6.6%, which took the trading range above the 3-day high of $2.10 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Antero Resources have traded between a low of $1.86 and a high of $13.49 and are now at $2.09, which is 12% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.9% while the 50-day MA has declined 4.8%.

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