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After Yesterday's Decline of 2.10%, Southwestrn Engy Offers Investors Better Value

By James Quinn

Southwestrn Engy (NYSE:SWN) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.52. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $5.40 on volume of 8.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Southwestrn Engy on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.59. Since that recommendation, shares of Southwestrn Engy have risen 19.3%. We continue to monitor SWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Southwestrn Engy share prices have moved between a 52-week high of $6.71 and a 52-week low of $3.42 and are now trading 56% above that low price at $5.33 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

Keywords: rebounders southwestrn engy

Ticker(s): SWN