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After Yesterday's Rally of 2.61% Shares Could Potentially Pullback

By Amy Schwartz

Southwestrn Engy (NYSE:SWN) traded in a range yesterday that spanned from a low of $5.25 to a high of $5.44. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $5.39 on volume of 9.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Southwestrn Engy share prices have been bracketed by a low of $5.00 and a high of $15.59 and are now at $5.33, 7% above that low price. The 200-day and 50-day moving averages have moved 1.57% lower and 4.81% higher over the past week, respectively.

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 50.5%. 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