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Downgrade Alert for Southwestern Energy (SWN)

By James Quinn

Southwestern Energy (NYSE:SWN) was downgraded from Overweight to Equal Weight at Barclays Capital today. The stock closed yesterday at $6.95 on volume of 16.8 million shares, below average daily volume of 21.2 million.

There is potential upside of 159.2% for shares of Southwestern Energy based on a current price of $6.95 and an average consensus analyst price target of $18.02. Southwestern Energy shares should first meet resistance at the 50-day moving average (MA) of $8.52 and find additional resistance at the 200-day MA of $17.41.

Over the past year, Southwestern Energy has traded in a range of $5.00 to $29.61 and closed yesterday at $6.95, 39% above that low. Over the past week, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has declined 4.7%.

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.

SmarTrend recommended that subscribers consider buying shares of Southwestern Energy on December 23rd, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.36. Since that recommendation, shares of Southwestern Energy have risen 9.4%. 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