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Upgrade Alert for Southwestern Energy (SWN)

By David Diaz

Southwestern Energy (NYSE:SWN) was upgraded from Neutral to Buy at National Securities today. The stock closed yesterday at $14.47 on volume of 14.9 million shares, below average daily volume of 18.3 million.

In the past 52 weeks, shares of Southwestern Energy have traded between a low of $5.00 and a high of $29.61 and closed yesterday at $14.47, which is 189% above that low price. Over the last five market days, 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.

Potential upside of 24.5% exists for Southwestern Energy, based on a current level of $14.47 and analysts' average 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.

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