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Downgrade Alert for Southwestern Energy (SWN)

By Amy Schwartz

Southwestern Energy (NYSE:SWN) was downgraded from Buy to Neutral at Citigroup today. The stock closed yesterday at $46.88 on volume of 3.7 million shares, below average daily volume of 4.7 million.

Southwestern Energy Company is an independent energy company primarily focused on natural gas and crude oil exploration, development and production (E&P) within the United States. The Company operations also include natural gas gathering, transmission, and marketing, as well as natural gas distribution.

In the past 52 weeks, Southwestern Energy share prices have been bracketed by a low of $34.68 and a high of $47.76 and closed yesterday at $46.88, 35% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

Based on a current price of $46.88, Southwestern Energy is currently 5.2% above its average consensus analyst price target of $44.42. The stock should discover initial support at its 50-day moving average (MA) of $43.29 and subsequent support at its 200-day MA of $39.26.

SmarTrend recommended that subscribers consider buying shares of Southwestern Energy on March 11th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $42.83. Since that recommendation, shares of Southwestern Energy have risen 9.5%. We continue to monitor SWN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades southwestern energy

Ticker(s): SWN