Today, shares of Bill Barrett (NYSE:BBG) have crossed bullishly above their 10-day moving average of $16.77 on a volume of 1.1 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Potential upside of 44.0% exists for Bill Barrett, based on a current level of $16.93 and analysts' average consensus price target of $24.38. Bill Barrett shares should first meet resistance at the 50-day moving average (MA) of $17.71 and find additional resistance at the 200-day MA of $20.33.
In the past 52 weeks, shares of Bill Barrett have traded between a low of $15.42 and a high of $30.76 and are now at $16.93, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.53% lower and 0.73% lower over the past week, respectively.
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.