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Downgrade Alert for Northern Oil And Gas (NOG)

By James Quinn

Northern Oil And Gas (AMEX:NOG) was downgraded from Buy to Neutral at National Securities today. The stock closed yesterday at $4.56 on volume of 1.0 million shares, above average daily volume of 833,000.

Northern Oil and Gas, Inc. is an oil and gas exploration and production company. The Company is currently focused on the Rocky Mountain regions of the United States.

In the past 52 weeks, shares of Northern Oil And Gas have traded between a low of $1.99 and a high of $8.88 and closed yesterday at $4.56, which is 129% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 4.6%.

There is potential upside of 28.8% for shares of Northern Oil And Gas based on a current price of $4.56 and an average consensus analyst price target of $5.88. The stock should find initial support at its 200-day moving average (MA) of $4.39 and further support at its 50-day MA of $4.39.

SmarTrend is monitoring the recent change of momentum in Northern Oil And Gas. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Northern Oil And Gas in search of a potential trend change.

Keywords: analyst upgrades/downgrades amex:nog northern oil and gas

Ticker(s): NOG