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Natural Gas Stocks Feel The Heat

|Includes: CHK, DVN, Southwestern Energy Co. (SWN), UNG

All of the leading natural gas stocks are coming under some selling pressure this morning. Lower natural gas prices are definitely not helping these stocks. This morning, natural gas futures are trading lower by more than 2.50 percent.

Leading natural gas stock Southwestern Energy Co (NYSE:SWN) is trading lower by $2.14 to 33.22 a share. Short term traders can watch for intra-day support around the $32.30 area. Should the stock decline below that important support level the next support area is around the $31.50 level. Other natural gas stocks that are declining lower include Chesapeake Energy Corp (NYSE:CHK), and Devon Energy Corp (NYSE:DVN).

Nicholas Santiago