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Downtrend Call Working As QEP Resources Stock Falls 48.1% (QEP)

By James Quinn

SmarTrend identified a Downtrend for QEP Resources (NYSE:QEP) on January 11th, 2017 at $17.85. In approximately 5 months, QEP Resources has returned 48.11% as of today's recent price of $9.26.

QEP Resources share prices have moved between a 52-week high of $23.46 and a 52-week low of $8.54 and are now trading 8% above that low price at $9.26 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 4.2%.

QEP Resources Inc. explores for oil and natural gas in the United States. The Company also gathers and processes natural gas, operates a natural gas storage facility, and markets oil and natural gas.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of QEP Resources.

Log in and add QEP Resources (QEP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights qep resources

Ticker(s): QEP