Antero’s moving averages
Antero Resources (AR) stock, though it has recovered from its 2015 lows, continues to stay volatile.
AR started the year on a positive note, mostly trading above its 50-day MA (moving average). The momentum continued on into February 2016, when AR’s stock almost crossed over its 200-day MA. AR’s stock has been volatile since then, seeing many ups and downs and crossing over its 50-day MA several times and for varied time periods in 2016
AR is now trading below its 50-day MA. On November 16, 2016, AR’s stock was trading ~5.5% below its 50-day MA.
AR’s stock was mostly trading above its 200-day MA this year. The 200-day MA crossed AR’s stock far fewer times than the 50-day MA and for very brief durations. Investors should note that AR’s 50-day MA has mostly remained above the 200-day MA this year, which could be seen as a positive sign by markets. That said, it looks like AR’s 50-day MA is about to cross under the 200-day MA, which would be a bearish sign for AR stock.
As of November 16, 2016, Antero’s stock was trading ~5.2% below its 200-day MA. Year-over-year, AR’s stock has risen 1%. Peers Rice Energy (RICE) and QEP Resources (QEP) have risen 47% and 15%, respectively, during the same period.
Now let’s take a look at Antero’s key management objectives.