InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Natural Gas Stocks Have No Steam 0 comments
    Jan 11, 2012 3:55 PM | about stocks: SWN, DVN, CHK, EOG, XOM
    This afternoon, the price of natural gas declined to another new 52 week low. This decline in natural gas comes despite the winter season being upon us. While the price of natural gas is extremely low, it is now affecting the natural gas stocks. Leading natural gas stock such as Chesapeake Energy Corp (NYSE:CHK), Devon Energy Corp (NYSE:DVN), and Southwestern Energy Co (NYSE:SWN) are all declining sharply lower. These stocks look as if they could have further downside in the near term.

    Southwestern Energy Co is the weakest of all the natural gas companies according to the charts. This stock just made a new 52 week low today. SWN stock is trading lower by $2.41 to $30.10 a share. Should this current $30.00 area fail to hold as support the next important support level will be around the $27.50 level. Natural gas continues to remain in a sharp downtrend and also looks as if further downside is in the cards for the near term.

    Nicholas Santiago

    Stocks: SWN, DVN, CHK, EOG, XOM
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.