Error
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING
  • JLIB_APPLICATION_ERROR_COMPONENT_NOT_LOADING

Approaching Resistance: Chesapeake Energy

New York, December 20th (TradersHuddle.com) - Shares of Chesapeake Energy Corporation (NYSE:CHK) are trading very close to calculated resistance at $17.83. The stock ended the trading session at just $17.20, which is near levels that make it difficult to buy or start a position.

Chesapeake Energy Corporation (NYSE:CHK) produces oil and natural gas. The Company's operations are focused on discovering, developing and acquiring conventional and unconventional natural gas reserves onshore in the United States.

Chesapeake's stock range is defined by its calculated support defined at $16.52 and by the resistance level at $17.83; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Chesapeake Energy. However, as the stock pulls back towards $16.52 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $17.83 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:


Site Search:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,827.75 ▲12.81 (0.07%)
o S&P 500 2,072.83 ▲5.80 (0.28%)
o NASDAQ 4,787.32 ▲29.06 (0.61%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,827.75 Trade time:4:31PM EST Value change:▲12.81 (0.07%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,072.83 Trade time:4:31PM EST Value change:▲5.80 (0.28%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,787.32 Trade time:5:15PM EST Value change:▲29.06 (0.61%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.