Moving Average Crossover Alert: Approach Resources Inc (AREX) - Tale of the Tape
Approach Resources Inc ( AREX ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for AREX broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.
This has already started to take place, as the stock has moved higher by 7.5% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.
APPROACH RESRCS (AREX): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research