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Watch for Shares of Southwestrn Engy (SWN) to Approach Support at $5.30

By James Quinn

Shares of Southwestrn Engy (NYSE:SWN) opened today below their pivot of $5.59 and have already reached the first level of support at $5.40. Should the shares continue to fall, the support pivots of $5.30 and $5.01 will be of interest.

Southwestrn Engy (NYSE:SWN) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $6.05. The stock should run into initial resistance at its 200-day moving average (MA) of $4.85 and subsequent resistance at its 50-day MA of $5.32.

Southwestrn Engy share prices have moved between a 52-week high of $6.71 and the current low of $0.00 and are currently at $0.00 per share. The 200-day and 50-day moving averages have moved 0.11% higher and 0.67% higher over the past week, respectively.

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 20.0%. We continue to monitor SWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts southwestrn engy

Ticker(s): SWN