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Earthstone Ene-A Down 9.0% Since SmarTrend Downtrend Call (ESTE)

By David Diaz

SmarTrend identified a Downtrend for Earthstone Ene-A (NYSE:ESTE) on January 14th, 2020 at $5.53. In approximately 3 weeks, Earthstone Ene-A has returned 9.04% as of today's recent price of $5.03.

Over the past year, Earthstone Ene-A has traded in a range of $3.00 to $7.94 and is now at $5.03, 68% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

Earthstone Energy Inc. acquires, exploits, develops, and operates oil and natural gas properties. The Company's exploration activities are located in the North Dakota and Montana portions of the Williston basin, the Denver-Julesburg basin of Colorado, the southern portions of Texas, and along the on-shore portions of the Gulf Coast.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Earthstone Ene-A.

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

Keywords: spotlights earthstone ene-a

Ticker(s): ESTE