Was long SWN from 12/23/16 using December lows as my stop and SWN broke down on 1/4/17 and had to sell for a loss. What a way to ring in the new year. Had SWN on watch from 12/21/16 and did not see continuation and new highs on the following day. Will think twice before getting involved in this such pattern in the future. Moving on to the next one.
SWN added to watch on 12/22. Bought SWN on 12/23 at 11.21. Bought more SWN on 12/28 at 10.7. Average price is 10.85.
1/8/17 Update- Sold SWN for a loss.