SmarTrend's Trend Spotter Sees Continued Downward Momentum on Shares of Southwestern Energy (SWN)
Thursday, March 4, 2010 - 19:39
Written on Thu, 03/04/2010 - 7:39pm
By Chip Brian

SmarTrend identified a Downtrend for Southwestern Energy (NYSE:SWN) on February 25, 2010 at $42.38. In approximately 1 week, Southwestern Energy has returned 3.9% as of Thursday's closing price of $40.73.
Southwestern Energy is currently below its 50-day moving average of $46.32 and below its 200-day moving average of $43.02. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Southwestern Energy.

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