• Return to Headlines

After Yesterday's Rally of 2.22% Shares Could Potentially Pullback

By Shiri Gupta

Southwestrn Engy (NYSE:SWN) traded in a range yesterday that spanned from a low of $5.77 to a high of $6.05. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $5.90 on volume of 8.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Southwestrn Engy has traded in a range of $5.46 to $15.59 and is now at $6.04, 11% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 4.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwestrn Engy on December 20th, 2016 by issuing a Downtrend alert when the shares were trading at $10.47. Since that call, shares of Southwestrn Engy have fallen 44.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders southwestrn engy

Ticker(s): SWN