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Southwestern Energy (SWN) Crosses Pivot Point Resistance at $33.59
Feb 25, 2013 (SmarTrend(R) News Watch via COMTEX) --
Southwestern Energy (NYSE:SWN) has opened bullishly above the pivot of $33.31 today and has reached the first level of resistance at $33.59. Investors may be interested in a cross of the next upside pivot targets of $33.84 and $34.37.
In the past 52 weeks, shares of Southwestern Energy have traded between a low of $25.63 and a high of $36.87 and are now at $34.21, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.
There is potential upside of 11.1% for shares of Southwestern Energy based on a current price of $34.21 and an average consensus analyst price target of $38.00. Southwestern Energy shares have support at the 50-day moving average (MA) of $33.58 and additional support at the 200-day MA of $32.67.
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.
Write to Chip Brian at cbrian@mysmartrend.com
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