Southwestern Energy Company (SWN)

[dwms07]

Good show Bud! This is a steal!

Take a look at the RSI index and 50 day and 200 day.

click here


It simply makes no sense to knock this stock down 10% on speculation that it will be warm in 2 weeks! I could understand if they knock it down 3% but no way to rationalize a 10% haircut from a 90 day low already.

I'm sure SWN will turn north in an hour or two.


And I don't think a 5% cut off natgas prices to $3.30 is warrantied. We were $3.92 only 10 days ago. I can see oil down 2% but not natgas 5% since it has already dropped from $3.92 and we are below the 5 year average in storage with demand rising and production dragging.

This is classic manipulation by the big boys!