[February 21, 2013] Downgrade Alert for Harvest Natural Resources (HNR) Tweet Feb 21, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Harvest Natural Resources (NYSE:HNR) was downgraded from Buy to Neutral at Global Hunter today. The stock closed yesterday at $5.45 on volume of 7.3 million shares, above average daily volume of 292,000. Harvest Natural Resources has overhead space with shares priced $5.45, or 51.6% below the average consensus analyst price target of $11.25. The stock should find initial resistance at its 200-day moving average (MA) of $8.34 and further resistance at its 50-day MA of $9.19. Harvest Natural Resources, Inc. is an independent oil and gas exploration and development company with principal operations in Venezuela and Russia. Over the past year, Harvest Natural Resources has traded in a range of $4.85 to $10.83 and closed yesterday at $5.45, 12% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has remained constant. SmarTrend is monitoring the recent change of momentum in Harvest Natural Resources. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Harvest Natural Resources in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]