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Stock Investors Sell Off Shares of Swift Energy, Down 3.0%

Published on Thu, 01/31/2013 - 13:16
By Peter Chu

One of today's stocks on the move is Swift Energy (NYSE:SFY), down 3.0% to $15.03. The Dow Jones Industrial Average is now trading fractionally lower to 13,895 and the S&P is trading fractionally lower to 1,501.

Over the past year, Swift Energy has traded in a range of $13.97 to $35.60 and is now at $15.03, 8% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.5%.

Swift Energy Company is an independent oil and gas company that explores, develops, acquires, and operates oil and gas properties. The Company focuses on United States onshore and inland water areas of the Texas and Louisiana Gulf Coast and in New Zealand on onshore areas of the Taranaki Basin.

Swift Energy has overhead space with shares priced $15.03, or 46.5% below the average consensus analyst price target of $28.08. Swift Energy shares should first meet resistance at the 50-day moving average (MA) of $15.80 and find additional resistance at the 200-day MA of $18.89.

By Peter Chu
pchu@fnno.com

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