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Upgrade Alert for Southwestern Energy (SWN)

By David Diaz

Southwestern Energy (NYSE:SWN) was upgraded from Hold to Buy at Tudor Pickering today. The stock closed yesterday at $13.03 on volume of 93.3 million shares, above average daily volume of 18.3 million.

Southwestern Energy share prices have moved between a 52-week high of $29.61 and a 52-week low of $5.00 and closed yesterday at 161% above that low price at $13.03 per share. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 4.8%.

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 38.3% for shares of Southwestern Energy based on a current price of $13.03 and an average consensus analyst price target of $18.02. The stock should discover initial support at its 200-day moving average (MA) of $10.87 and subsequent support at its 50-day MA of $9.06.

SmarTrend is monitoring the recent change of momentum in Southwestern Energy. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Southwestern Energy in search of a potential trend change.

Keywords: analyst upgrades/downgrades southwestern energy

Ticker(s): SWN