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After Yesterday's Rally of 2.40% Shares Could Potentially Pullback

By Shiri Gupta

Southwestern Energy (NYSE:SWN) traded in a range yesterday that spanned from a low of $7.63 to a high of $8.12. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $7.73 on volume of 11.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 26.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Southwestern Energy has traded in a range of $5.00 to $29.61 and is now at $7.89, 58% above that low. The 200-day and 50-day moving averages have moved 1.57% lower and 4.81% higher over the past week, respectively.

Keywords: rebounders southwestern energy

Ticker(s): SWN