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TMCNet:  Traders Get Bullish on Shares of Gastar Exploration, Shares Up 5.1% (GST)

[December 03, 2012]

Traders Get Bullish on Shares of Gastar Exploration, Shares Up 5.1% (GST)

Dec 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- Gastar Exploration (AMEX:GST) is one of today's best performing low-priced stocks, up 5.1% to $1.04 on 1.0x average daily volume. Thus far today, Gastar Exploration has traded 446,000 shares, vs. average volume of 435,000 shares per day. The stock has outperformed the Dow (5.1% to the Dow's 0.0%) and outperformed the S&P 500 (5.1% to the S&P's 0.0%) during today's trading.
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Over the past year, Gastar Exploration has traded in a range of $0.70 to $3.55 and is now at $1.04, 49% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 4.9%.

Gastar Exploration Ltd. is a natural gas exploration company. The Company explores for natural gas in Texas and West Virginia in the United States, and in Australia. Gastar owns and operates coal bed methane properties in the Powder River Basin in Wyoming in the United States.

Gastar Exploration has overhead space with shares priced $1.04, or 59.2% below the average consensus analyst price target of $2.55. Gastar Exploration shares should first meet resistance at the 50-day moving average (MA) of $1.23 and find additional resistance at the 200-day MA of $2.00.

SmarTrend is monitoring the recent change of momentum in Gastar Exploration. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Gastar Exploration in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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

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