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Downgrade Alert for Southwestern Energy (SWN)

By Nick Russo

Southwestern Energy (NYSE:SWN) was downgraded from Positive to Neutral at Susquehanna today. The stock closed yesterday at $26.01 on volume of 13.3 million shares, above average daily volume of 7.1 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.

There is potential upside of 53.8% for shares of Southwestern Energy based on a current price of $26.01 and an average consensus analyst price target of $40.00. The stock should run into initial resistance at its 50-day moving average (MA) of $31.38 and subsequent resistance at its 200-day MA of $39.54.

Over the past year, Southwestern Energy has traded in a range of $25.70 to $49.16 and closed yesterday at $26.01, 1% above that low. The 200-day and 50-day moving averages have moved 0.48% lower and 0.78% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwestern Energy on November 28th, 2014 by issuing a Downtrend alert when the shares were trading at $32.28. Since that call, shares of Southwestern Energy have fallen 19.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades southwestern energy

Ticker(s): SWN