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SmarTrend Watching for Potential Rebound in Shares of Southwestern Energy After 1.97% Loss

By Nick Russo

Southwestern Energy (NYSE:SWN) traded in a range yesterday that spanned from a low of $7.35 to a high of $7.59. Yesterday, the shares fell 2.0%, which took the trading range below the 3-day low of $7.55 on volume of 4.4 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 27.1%. 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 49% above that low price at $7.47 per share. 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%.

Keywords: rebounders southwestern energy

Ticker(s): SWN