Is Selling 52-Week Stock Like SilverBow Resources, Inc. (SBOW) a Winning Strategy?

The stock of SilverBow Resources, Inc. (NYSE:SBOW) hit a new 52-week low and has $15.24 target or 4.00 % below today’s $15.88 share price. The 5 months bearish chart indicates high risk for the $186.48M company. The 1-year low was reported on May, 17 by Barchart.com. If the $15.24 price target is reached, the company will be worth $7.46M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 4.80% or $0.8 during the last trading session, reaching $15.88. About 16,945 shares traded. SilverBow Resources, Inc. (NYSE:SBOW) has declined 20.65% since May 17, 2018 and is downtrending. It has underperformed by 25.02% the S&P500.

More notable recent SilverBow Resources, Inc. (NYSE:SBOW) news were published by: Thestreet.com which released: “Jim Cramer Likes the Partnership Between Kohls and Amazon: Here’s Why – TheStreet.com” on March 05, 2019, also Thestreet.com with their article: “Why Jim Cramer Likes Palo Alto Networks – TheStreet.com” published on February 27, 2019, Thestreet.com published: “What Jim Cramer Is Watching When Activision Blizzard Reports Earnings – TheStreet.com” on February 12, 2019. More interesting news about SilverBow Resources, Inc. (NYSE:SBOW) were released by: Seekingalpha.com and their article: “SilverBow Resources On Target With Eagle Ford Natural Gas – Seeking Alpha” published on November 20, 2018 as well as Thestreet.com‘s news article titled: “‘If You Want to Hedge, Go Into Cash,’ Says Jim Cramer – TheStreet.com” with publication date: February 27, 2019.

SilverBow Resources, Inc., an energy company, engages in the exploration, development, and production of gas and oil from the Eagle Ford Shale in South Texas. The company has market cap of $186.48 million. As of December 31, 2016, it had estimated proved reserves of 124 million barrels of oil equivalent. It has a 2.28 P/E ratio. The firm was formerly known as Swift Energy Company and changed its name to SilverBow Resources, Inc. in May 2017.

SilverBow Resources, Inc. (NYSE:SBOW) Ratings Chart

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