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SmarTrend Watching for Potential Rebound in Shares of Antero Resources After 2.74% Loss

By Amy Schwartz

Antero Resources (NYSE:AR) traded in a range yesterday that spanned from a low of $15.41 to a high of $16.00. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $16.37 on volume of 6.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Antero Resources have traded between a low of $15.29 and a high of $22.69 and are now at $15.85, which is 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Antero Resources on October 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $16.95. Since that call, shares of Antero Resources have fallen 3.0%. 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