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5 pts

Opinion on  Chesapeake Energy Corp (CHK)     Sector: Energy  >  Industry: Oil & Gas Operations
50 day EMA bounce.

Jul 09, 2008 01:40 PM GMT
Polluxtechnicalslogo
Return Risk
+25.92% HIGH
Sr. Analyst

Short -term trade, or if you are a long term holder, a nice place to add to your long position.  There is definetely some consolidation affect taking place so CHK will probably not attempt at old highs anytime soon.  This is a good correction for natural gas as it builds a better base for higher prices.  Natural Gas and CHK are in accumulation.


CHK:  This call was made on 07/09/08 @ $59.04
Rating:   Positive   $59.04 (07/09/08)
Closed:   07/11/2008 @ $63.48 (+7.52% in 2 days)
Target:   in One month


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Who voted on this idea?
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joeyjoejoe 48% 07/10/2008



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pollux previously rated CHK
Positive -59.11% Bullish on CHK ...
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