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After Yesterday's Decline of 1.97%, Southwestern Energy Offers Investors Better Value

By Amy Schwartz

Southwestern Energy (NYSE:SWN) traded in a range yesterday that spanned from a low of $7.35 to a high of $7.59. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $7.55 on volume of 4.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Southwestern Energy share prices have been bracketed by a low of $5.00 and a high of $29.61 and are now at $7.47, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.8% while the 200-day MA has slid 1.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwestern Energy on December 20th, 2016 by issuing a Downtrend alert when the shares were trading at $10.47. Since that call, shares of Southwestern Energy have fallen 27.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders southwestern energy

Ticker(s): SWN