The short term investing stock picks blog

BUY: Chesapeake Energy Corporation (NYSE: CHK) $32.56 (4/9/07)

Sell price: $34.19 or
Sell date: May 9, 2007
Stop loss: $30.89 (-5.1%)

EMA/MACD very bullish
Stochastic analysis bullish
Strong bullish 3 day chart pattern with Strong 3 day accumulation.
Strong CMF (10)

Profile: Chesapeake Energy Corporation (Chesapeake) is an independent producer of natural gas in the United States, and owns interests in approximately 34,600 producing oil and natural gas wells that are producing approximately 1.7 billion cubic feet equivalent (bcfe) per day, 92% of which is natural gas. The Company’s operations are located in the Mid-Continent region, which includes Oklahoma, Arkansas, southwestern Kansas and the Texas Panhandle; the Forth Worth Basin in north-central Texas; the Appalachian Basin, principally in West Virginia, eastern Kentucky, eastern Ohio and southern New York; the Permian and Delaware Basins of West Texas and eastern New Mexico; the Ark-La-Tex area of East Texas and northern Louisiana; and the South Texas and Texas Gulf Coast regions.

This entry was posted on Monday, April 9th, 2007 at 8:33 am and is filed under Buys. You can subscribe via RSS 2.0 feed to this post's comments. Responses are currently closed, but you can trackback from your own site.