I don't like to post about single equities due to the balance sheet risk they propose, this is a company I have bought to take advantage of the outcome of section 232 as mentioned in the earlier update on Natural Gas. manage your risk effectively and don't be a blind sheep, this is not advise!
The catalyst for nat gas moving forward is Section 232 tariffs on Uranium, the decision is on April 19'
* Some indicators are looking bearish on D1.
After solid earnings, SWN just started moving up within the last few days with the price of Natural Gas. The stock is trading at an extreme discount to other Natural Gas Companies. Looking at the Weekly Chart... (We are not day traders) Accum/Dist - Trending Up - BULLISH On Balance Volume Trending Up - BULLISH Stochastics Trending Up, Just Crossed the center...
SWN seems near to the completion of this long term correction. If the level posted on chart holds for one last wave up i'm expecting a strong impulsive wave down.
$SWN SW Energy looking overbought in a tight three month trading range. Expecting near term price correction holding within range. Two possible near term targets on chart. Note: Informational analysis, not investment advice.
As our Followers know, we've been in and out of Southwestern Energy. Today, we opened up another somewhat large position because we feel SWN is a better company, and financially stronger, than when the stock was trading at $52.82 back in 2010. Looking at the charts... Daily, Weekly and Monthly Monthly Chart - Stochastics, RSI and MACD are turning up -...
I'm bullish on USOIL / XOP and XLE , and think SWN is a good way to play it. Monthly MACD shows strong momentum and is still building.
Greetings Earthling... Cavet... Full potential is near $5.10 on the weekly chart with target time frame Friday or early next week. 5/18 Call Options will be interesting Nevertheless... Extension 2 is underway w/ caveat: *** The day closed in the middle of Extension 2. This may cause 1 of 3 things to happen: (1) price drops at open to the 9 EMA a bounce North...
Greetings Earthling... Yesterday: "I stated last week that this would mature last week but while the price increased from $4.03 to a high of $4.34 (7.5%), it did not hit target due to tons of over head resistance. Now that this has past, there is only one line of overhead resistance ($4.34 on the daily chart ). Should this break, the fibonacci suggest the price...
Greetings Earthling... Here is a look at the Daily Chart as an extension of the Weekly Chart. There is a lots in our favor: 1) Purple = Bullish Flag Pole 2) Falling Wedge (Orange) = Bullish Indicator 3) Bullish Flag Pole = Wave 1; Wave 2 = End of Falling Wedge; Wave 3 = Wave 1 Happy Trading ... #FlintstonesGazoo #TheGreatGazoo Gazoo: "But wait,...
Greetings Earthling... Quick money... Fibonacci and Elliott Wave Theory (ETW) suggest Wave 3 will commence Monday with a rapid acceleration. This is likely based on positive Earning Reports (ER) from late April. Following the ER release, investors too advantage of existing gains resulting in a collapse in price to the typical retracement area of (.618...
We can go long risking 1-3 ATR downside for a nice intermediate term trade. Good luck! Ivan Labrie.
I like SWN bullish but the volume is a tad low ATM, will hope for a small pullback today or tomorrow and then bounce off of the moving averages, a quick look at BB shows bullish sentiment
SWN has traced a triangle, where we have downtrend and uptrend signals in the daily chart that conflict with each other. Under closer inspection, it could be possible to see burst upwards during earnings, if it surprises positively. The chart is set up for an 86.79% rally from the mode at 7.77, with downside risk of 14.22% (to 6.60). If you have a suitable...
I was long on SWN but this resistance line has been screwing me for a month, so I'm just gonna listen to it now.
With SUNE still offering stellar premium for a slightly OTM short call, I'm taking another dip at the covered call well in spite of the fact that it has run up nearly 100% from its 11/19 low and before the volatility bleeds out of it: SUNE Covered Call 100 Shares at 6.25 1 Jan 29 6.5 short call Entire Package $491 (which will also be your cost basis in the...