Get Stock Quote Here Southwestern Energy (also known as SWN, NYSE: SWN) is an oil and natural gas company based in Houston, Texas. Its primary current activity is, according to the company, the "development of the unconventional gas reservoir located on the Arkansas side of the Arkoma Basin" and in its press statement, its "operations are focused within the United States on development of two natural gas reservoirs located in Arkansas and Pennsylvania. Its operations in Arkansas are focused on a natural gas reservoir, Fayetteville Shale, and its operations in northeast Pennsylvania are focused on the natural gas reservoir, Marcellus Shale. The Company engages in natural gas gathering activities in Arkansas, Texas, Louisiana, Pennsylvania and West Virginia."
Analyst Upgrade/Downgrade Update Brokerage firm: KLR Group Change: Upgrade Previous Rating: Hold Current Rating: Accumulate Previous Price Target: N/A Current Price Target: N/A
Reported after close yesterday (10/20/16) Earnings: EPS $0.03 Revenue $651M Estimates: EPS $0.07 Revenue $630.11M Down 2.45% today so far
So, on Monday I got it in my head it was time to buy some SWN for a swing trade. But instead I decided to sell 4 of the $6 Puts (weeklies) expiring Friday. Either I keep the credit with the options expiring worthless or I keep the credit and get 400 shares put to me at $6. So far it looks like the puts will expire worthless.
This has been my best find for today I believe this one gives me a very good chance of realizing a quick 2.5% return on my investment. Bought in at $5.45 and I am looking for $5.59 in next day or two, hopefully. I thought I would share it. Let me know what you think
I got a few couple of days ago; I think that, like finviz is noting, we may be seeing a multiple bottom scenario. Ideally I will add some more if (and only if) price climbs above 6.40-6.50. I have some "faith" in this stock for 2018.
I think this one has a lot of potential for upward movement. I made 5% in a day so I am out until it retreats and shows signs of the next upward trend. I will continue to watch this one and good luck.
SWN looks like it could be a excellent buy opportunity today. The overall outlook shows a downward trend, the short term indicates a possible trend reversal. From my perspective it appeared as if the $5.00 to $4.92 range would be a good entry point. It was a swing and a miss for me today as the bottom fell out of that theory today. I am left with the option of placing a stop/loss or waiting a few days for a rebound. I am interested in your opinion.
I'm not a holder of SWN, so I don't know what I'd do if I was holding. Knowing me, I'd probably hold however many days/weeks/months it would take to rebound to at least my buy price. But I am often all-to-willing to tie up capital while I wait. YMMV. That said, I would not be a buyer here at the new 52 week low. All notions of support are gone, which leaves the oscillators as our only clue. It's not yet oversold on the RSI (see chart below), so if I were to be a buyer I'd at least hold off until I saw some clues as to it rebounding from oversold territory. IMO FWIW.
Yeah, the very clear support at $5 is now broken. The stock is in a long-term downtrend. I would be looking elsewhere, personally. I'm sure there are some short-term swing/day trades that can be had, but for my trading style, there's nothing to find here.
It is one those times when you are anticipating that something will happen and when it doesn't happen it leaves an ugly picture. I am hoping time will improve the look of this one but I can tell you it feels like walking on thin ice. I am going to wait it out for now and hope it starts to look better. I hate taking loses, so let's see what tomorrow brings
