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Southwestern Energy Set to Possibly Rebound After Yesterday's Selloff of 1.65%

By David Diaz

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. 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