Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
LONG - BULLISH INDICATORS! ADDING 500,000 SHARES
Southwestern Energy Company
Long
LONG - BULLISH INDICATORS! ADDING 500,000 SHARES
By UnknownUnicorn3159981
Follow
Follow
Updated
Nov 13, 2018
3
Cheer
Cheer
2
2
Nov 6, 2018
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 line - BULLISH
RSI trending up, just crossed the center line - BULLISH
MACD flat looking to break up - BULLISH
Looking at the Monthly Chart...
All indicators mentioned above are trending up - BULLISH
RSI and MACD indicators look like the stock is going to run much higher!
RSI is trending up and HAS NOT even come close to the center line - BULLISH
MACD is below the center line trending up - BULLISH
SWN has plenty of room on the monthly chart to spike up to the $22.00 a share price!
Southwestern Energy Company (NYSE:SWN) is trading with a trailing P/E of 5.5, which is lower than the industry average of 13.6.
Summary for Southwestern Energy (SWN)
Profitable and cash flow neutral.
Trading at deep discount on price to book value multiple and price to net income multiple basis.
No significant debt maturity till 2022.
Cash on hand represents 50% of the market cap.
Increased focus on shareholder value.
"Seeking Alpha Article"
Nov 13, 2018
Trade closed: target reached
OUT
We did not like today's stock price action especially with NG breaking out.
SOLD 1.750,000.00 @ $6.21
PROFIT: $1,347,500.00
We still think SWN will continue to do very well but for now, we are on the side lines again.
Best of luck to the longs!
Nov 13, 2018
Trade closed manually
OUT
We did not like today's stock price action especially with NG breaking out.
SOLD 1.750,000.00 @ $6.21
PROFIT: $1,347,500.00
We still think SWN will continue to do very well but for now, we are on the side lines again.
Best of luck to the longs!
Chart Patterns
CHK
GPOR
Technical Indicators
SWN
Trend Analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.