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Southwestern Energy (SWN) Crosses Pivot Point Support at $5.98

By David Diaz

Southwestern Energy (NYSE:SWN) has opened bearishly below the pivot of $6.09 today and has reached the first level of support at $5.98. Investors may be interested in a cross of the next downside pivot targets of $5.89 and $5.69.

Potential upside of 112.9% exists for Southwestern Energy, based on a current level of $5.96 and analysts' average consensus price target of $12.68. Southwestern Energy shares should first meet resistance at the 50-day moving average (MA) of $9.06 and find additional resistance at the 200-day MA of $10.87.

In the past 52 weeks, Southwestern Energy share prices have been bracketed by a low of $5.00 and a high of $29.61 and are now at $5.96, 19% above that low price. 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%.

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.

Keywords: pivot alerts southwestern energy

Ticker(s): SWN