Antero Resources could resume a technical downtrend after the rebound showed in recent sessions.

From a fundamental viewpoint the company appear overvalued. P/E Ratio for the current year is at 69.4x and expected at 34.38x for the next one. The valuation ratio(EV/sales) of 7x, confirms this situation.

Technically, the security should run out of steam close to the USD 42 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could improve and we could see a return to USD 38. Indicators that show an overbought situation confirm this scenario.

The graphical configuration argues to establish a short position at the current price. The end of the technical rebound, the consolidation phase and an overbought situation: Antero Resources Corp has all the characteristics for short selling.
The first objective will be fixed near the USD 38 short term support and by extension the USD 36.5 area (20-day moving average). This strategy should be protected by a stop loss at USD 42.7.