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Downgrade Alert for Vanguard Natural Resources (VNR)

By David Diaz

Vanguard Natural Resources (NYSE:VNR) was downgraded from Hold to Sell at Stifel today. The stock closed yesterday at $1.20 on volume of 2.0 million shares, below average daily volume of 2.4 million.

Vanguard Natural Resources (NYSE:VNR) has potential upside of 877.3% based on a current price of $1.20 and analysts' consensus price target of $11.73. Vanguard Natural Resources shares should first meet resistance at the 50-day moving average (MA) of $1.80 and find additional resistance at the 200-day MA of $5.04.

Vanguard Natural Resources LLC. is an independent natural gas and oil company. The Company develops and exploits mature, long-lived natural gas and oil properties.

In the past 52 weeks, Vanguard Natural Resources share prices have been bracketed by a low of $1.07 and a high of $17.59 and closed yesterday at $1.20, 12% above that low price. The 200-day and 50-day moving averages have moved 3.72% lower and 1.88% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Vanguard Natural Resources on August 15th, 2016 by issuing a Downtrend alert when the shares were trading at $1.39. Since that call, shares of Vanguard Natural Resources have fallen 6.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades vanguard natural resources

Ticker(s): VNR