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Southwestrn Engy: The Losing Streak Continues (SWN)

By James Quinn

Shares of Southwestrn Engy (NYSE:SWN) traded today at $2.59, breaking its 52-week low. So far today approximately 1.5 million shares have been exchanged, as compared to an average 30-day volume of 18.1 million shares.

Southwestern Energy Company is an independent energy company. The Company primarily focused on natural gas and crude oil exploration, development and production (E&P). Southwestern Energy serves customers in the State of Texas.

In the past 52 weeks, Southwestrn Engy share prices have been bracketed by a current low of $2.59 and a high of $6.23 and are now at $2.59. The 200-day and 50-day moving averages have moved 1.05% lower and 2.03% lower over the past week, respectively.

Southwestrn Engy (NYSE:SWN) has potential upside of 133.8% based on a current price of $2.59 and analysts' consensus price target of $6.05. Southwestrn Engy shares should first meet resistance at the 50-day moving average (MA) of $3.45 and find additional resistance at the 200-day MA of $4.31.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwestrn Engy on February 7th, 2019 by issuing a Downtrend alert when the shares were trading at $3.80. Since that call, shares of Southwestrn Engy have fallen 30.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows southwestrn engy

Ticker(s): SWN