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Upgrade Alert for Southwestern Energy (SWN)

By Nick Russo

Southwestern Energy (NYSE:SWN) was upgraded from Underperform to Market Perform at Raymond James today. The stock closed yesterday at $11.66 on volume of 21.6 million shares, above average daily volume of 18.3 million.

Southwestern Energy (NYSE:SWN) has potential upside of 54.5% based on a current price of $11.66 and analysts' consensus price target of $18.02. The stock should find initial support at its 200-day moving average (MA) of $10.87 and further support at its 50-day MA of $9.06.

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 $5.00 and a high of $29.61 and closed yesterday at $11.66, 133% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.8% while the 200-day MA has slid 1.6%.

SmarTrend is tracking the current trend status for Southwestern Energy and will alert subscribers who have SWN in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades southwestern energy

Ticker(s): SWN