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Downtrend Call Working As Harvest Natural Resources Stock Falls 28.6% (HNR)
Feb 14, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Harvest Natural Resources (NYSE:HNR) on November 9th, 2011 at $9.38. In approximately 3 months, Harvest Natural Resources has returned 28.64% as of today's recent price of $6.69.
Harvest Natural Resources share prices have moved between a 52-week high of $17.46 and a 52-week low of $6.11 and are now trading 9% above that low price at $6.69 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 1.1%.
Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Harvest Natural Resources.
Log in and add Harvest Natural Resources (HNR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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