Harvest Natural Resources (NYSE:HNR) was downgraded from Buy to Hold at Wunderlich today. The stock closed yesterday at $10.25 on volume of 2.2 million shares, above average daily volume of 327,000.

Over the past year, Harvest Natural Resources has traded in a range of $4.85 to $10.83 and closed yesterday at $10.25, 111% above that low. The 200-day and 50-day moving averages have moved 0.40% higher and 0.51% higher over the past week, respectively.

Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.

There is potential upside of 12.2% for shares of Harvest Natural Resources based on a current price of $10.25 and an average consensus analyst price target of $11.50. Harvest Natural Resources shares have support at the 50-day moving average (MA) of $8.81 and additional support at the 200-day MA of $7.93.

SmarTrend recommended that subscribers consider buying shares of Harvest Natural Resources on June 22nd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.74. Since that recommendation, shares of Harvest Natural Resources have risen 17.3%. We continue to monitor HNR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.