Bearish DailyPlay for Thursday January 7th, 2015 – Southwestern Energy (SWN)
The bearish DailyPlay we chose for Thursday January 7th is Southwestern Energy (SWN). SWN is part of the Energy Sector (XLE). Over the last month, XLE has experienced a 9.23% move lower and it’s 1m and 6m trend turned bearish on 12/02 while breaking below its $65 support area.
Southwestern Energy’s 1m and 6m trends turned bearish on 11/17 and recently bounced lower off its $8 minor resistance area. With a technical score of 1 (out of 10), SWN looks positioned to continue this strong bearish trend lower.