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Look for Shares of Southwestern Energy to Potentially Rebound after Yesterday's 1.65% Sell Off

By James Quinn

Southwestern Energy (NYSE:SWN) traded in a range yesterday that spanned from a low of $5.87 to a high of $6.06. Yesterday, the shares fell 1.7%, which took the trading range below the 3-day low of $5.98 on volume of 6.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 42.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Southwestern Energy share prices have moved between a 52-week high of $29.61 and a 52-week low of $5.00 and are now trading 20% above that low price at $5.99 per share. 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%.

Keywords: rebounders southwestern energy

Ticker(s): SWN