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Southwestrn Engy Falls 2.10% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Southwestrn Engy (NYSE:SWN) traded in a range yesterday that spanned from a low of $5.29 to a high of $5.52. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $5.40 on volume of 8.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Southwestrn Engy on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $4.59. Since that recommendation, shares of Southwestrn Engy have risen 19.3%. We continue to monitor SWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Southwestrn Engy share prices have been bracketed by a low of $3.42 and a high of $6.71 and are now at $5.33, 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

Keywords: rebounders southwestrn engy

Ticker(s): SWN