Antero Resources is an independent oil and natural gas company; the stock happens in one of the hottest sectors since the January lows which is the energy sector.
$AR is trying to emerge from a 9-month base; I’m always on the look out for breakouts from big bases because a prolonged period of contraction leads to a prolonged period of expansion.
Antero started its base in September of 2014 after being a long term downtrend right along with the entire energy sector. Once a stock starts to base after a huge decline it typically means that the buyers and sellers have found equilibrium and the sellers are no longer in control. The new set of shareholders obviously see greener pastures ahead. At the very end of these bases what you want to see is a pattern of higher lows, this tells you that the sellers are running out of supply and or the buyers are getting antsy and don’t want to wait to suck up more supply, exactly what we have seen with Antero, a series of higher lows since
Antero has tightened up considerably right below the breakout level giving us a great risk reward set up.This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this blog constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog. The stocks presented are not to be considered a recommendation to buy any stock. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.