Bill Barrett (NYSE:BBG) shares have crossed bearishly below their 10-day moving average of $23.20 on a volume of 437K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Bill Barrett have traded between a low of $20.34 and a high of $52.13 and are now at $22.82, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has slid 1.1%.
Bill Barrett (NYSE:BBG) has potential upside of 55.7% based on a current price of $22.82 and analysts' consensus price target of $35.54. The stock should run into initial resistance at its 50-day moving average (MA) of $25.00 and subsequent resistance at its 200-day MA of $34.45.
Bill Barrett Corporation is an independent oil and gas company focused on natural gas exploration and development in the Rocky Mountain region of the United States.
