Isra-Mart srl: Buyers Accumulate Shares of Approach Resources, Up 5.7%

www.isramart.com
Up 5.7% to $19.39, Approach Resources (NASDAQ:AREX), is one of today's notable movers. The S&P is currently trading 2.9% higher to 1,189 and the Dow Jones Industrial Average is trading 2.5% higher to 11,381.

Approach Resources Inc explores for and produces natural gas and crude oil.

In the past 52 weeks, shares of Approach Resources have traded between a low of $11.06 and a high of $34.93 and are now at $19.39, which is 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 4.7%.

Approach Resources (NASDAQ:AREX) has potential upside of 61.3% based on a current price of $19.39 and analysts' consensus price target of $31.28. The stock should hit resistance at its 200-day moving average (MA) of $24.70, as well as support at its 50-day MA of $19.23.