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Upgrade Alert for Southwestern Energy (SWN)

By Shiri Gupta

Southwestern Energy (NYSE:SWN) was upgraded from Accumulate to Buy at KLR Group today. The stock closed yesterday at $10.10 on volume of 22.7 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 102% above that low price at $10.10 per share. The 200-day and 50-day moving averages have moved 1.57% lower and 4.81% higher over the past week, respectively.

Southwestern Energy has overhead space with shares priced $10.10, or 43.9% below the average consensus analyst price target of $18.02. The stock should find resistance at its 200-day moving average (MA) of $10.87, as well as 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.

SmarTrend recommended that its subscribers protect gains by selling shares of Southwestern Energy on October 21st, 2016 by issuing a Downtrend alert when the shares were trading at $12.12. Since that call, shares of Southwestern Energy have fallen 19.3%. 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