Chesapeake Energy CHK Stock Analysis 2010

The following is Chesapeake Energy Corporation (CHK) stock technical analysis for March 30, 2010

Chesapeake Energy Corporation (CHK) Support & Resistance Levels - 3/30/10

Resistance Levels: $23.75, $25

Support Levels: $22.10, $22, $20

Chart - http://www.stockcharts.com/

Discuss Stocks - http://stockstobuy.org/

Chesapeake Energy Corporation (CHK) appears to have made a double bottom on Friday with a reversal on Monday. This reversal was due to an upgrade on Southwestern Energy Co. (SWN) from Goldman Sachs. Natural Gas has been getting crushed lately but this is due to a lull in demand as the heating season ends. I started a long position in Chesapeake Energy on Monday and will add when the stock closes back over each of the three moving averages. If Chesapeake falls below $22 at any time, I will sell half.

For more Technical Analysis - Go Here

Today's Biggest Stock Market Gainers - Top 2010 Stock Gainers - Top 2010 Penny Stocks - Top 2009 Stock Gainers - Top 2009 Penny Stocks - Stocks for 2010

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POT CHK GOOG Analysis 2/24/09 - February 24, 2009

I updated the following technical anlaysis stock charts at http://blackberrystocks.com/charts.html

Technical Analysis Updates: February 24, 2009

Google - GOOG
Chesapeake Energy - CHK
Citigroup - C
Potash - POT


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Dow Jones Close 11/26/08 - Stock Market Closing Prices

Stock Market Closing Prices - 11/26/08

Dow Jones Industrial Average ( DJIA ) Close - 8726.61 Up 247.14
Nasdaq Stock Market Close - 1532.10 Up 67.37
S&P 500 Close - 887.64 Up 30.25

Libor Rates - 11/26/08

1 Month - 1.43%
3 Month - 2.18%

Commodities Closing Prices - 11/26/08

Gold - 815
Oil - 54.84
Natural Gas - 6.80

The Dow Jones Industrial Average closed at 8726.61 on 11/26/08, as the stock market shrugged off horrible economic data like durable goods and jobless claims to stage a 4th consecutive day of gains. The Dow Jones was down over 100 points at one point but by 10am it started the recovery to close up big today. Even the India Terrorist Attacks could not hurt these stock markets. Things are looking really good for the markets right now and we have broken out of a tough trading range of 8300-8600 on the Dow Jones. I will post new technical analysis later, HERE . I have now moved my stop order from 8280 to 8500 on the Dow Jones. The next level I am looking at is 8923.18. Keep in mind, today was a very light volume day and Friday will be as well. We will know if this rally is for real on Monday when everyone is back at their trading desks. One stock to note, Chesapeake Energy ( CHK ) has broken out today to close above $20. This is a very bullish sign for the stock.

Today's Biggest Gainers - November 26th, 2008

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Stock Market Open 11/26/08 - Dow Jones

The Stock Market and Dow Jones are shaking off some bad economic data from this morning and going up off their lows. The Dow Jones opened up down about 140 but has now come back to only down 40 at 8440. As I noted in my Dow Jones Chart, we are stuck in a range from 8300 to 8600. The 10 day moving average is right at 8299 so a close below this would not be good. If we can get a close over 8500 and 8600 I think we start a new leg up vs this latest rally selling off. That is how I am playing it! The 10 day moving average held again this morning, but we still have a lot of trading left. I still have my Mercadolibre MELI position with a stop at $10, my Google ( GOOG ) position with a stop at $276, and a new Chesapeake Energy ( CHK ) position with a stop at $18. I might be a little bit early on CHK but I think if we get a close over $19 it could really start rocking. The real fireworks will happen with a close over $25. Citigroup ( C ) is also breaking out today....check out my chart from yesterday.

Check out Today's Art Cashin Comments and Meredith Whitney Comments

Today's Biggest Gainers - November 26th, 2008

General Motors GM is one of the biggest gainers up 20% to $4.28

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Chesapeake ( CHK ) Analysis 10/27/08 - Technical Analysis

Chesapeake Energy ( CHK ) Technical Analysis for 10/27/08 - October 27th, 2008

Chesapeake Energy CHK - Support and Resistance Levels


Chesapeake Energy ( CHK ) has been trending along with its 10 day moving average...this is a bullish sign for recovery. I am playing it this way...CHK has support at $17.50...any close below this and I am out of CHK stock....now that it is trending over $20 you could even use that price as a stop....resistance is at $25...when CHK closes over $25 I think you could test the 50 day moving average which is at $35 right now but will come down lower as time passes. Use $20 & $25 as your trading range.

XTO Energy & CHK Chesapeake Energy 8/26/08 - Stock to Watch

Chesapeake Energy ( CHK ) and XTO Energy ( XTO ) are looking VERY strong today. These two stocks along with almost every other stock in the sector have gotten killed in the past two months.

I think if they both can close over $52...they are headed to the high $50's.

Keep an eye on this hurricane which is likely to enter the Gulf of Mexico over the weekend.

CHK and XTO Energy are both very active in the Haynesville Shale and Marcellus Shale plays.

http://oilshalegas.com

Earnings 7-31 4pm - CHK, HNSN, BOOM

Last night we had great earnings from Visa and First solar....Akamai disappointed and it is getting killed today just like Garmin on Wednesday.



Tonight we have Earnings from Chesapeake Energy, Hansen Medical, Dynamic Materials.



Chesapeake Energy ( CHK ) - We already know their earnings might be effected by hedges they put on for the quarter relating to natural gas prices. I want to see what they say about their Shale positions, especially their Haynesville Shale play.



Dynamic Materials ( BOOM ) - I have been following this company since 2004-2005 when it was $3....have been in and out of it several times. This company has a product called explosive metal cladding....this is used on a number of things especially ships. Over the past year the blow out earnings quarters have tamed down. This is a stock to watch.



Hansen Medical ( HNSN ) Are you familiar with Intuitive Surgical ( ISRG )? The founder of ISRG, Dr. Moll, took HNSN public in late 2006. Hansen offers Sensei Robotic Catheter System, which is designed to allow physicians to navigate flexible catheters with stability and control in interventional procedures. They had no revenues last year but now are quietly selling these machines. This company will explode once they start making a profit. ( Similar to ENER..but different sector ) Keep an eye on this stock!

XTO Energy - Chesapeake Energy CHK Stocks

Ok, so yesterday I wrote about how I went long on CHK and XTO....turns out I was 24 hours to early on a 10 day bear raid. I managed to add to my positions this morning. I feel money will soon be rotating back into Oil and Natural Gas as markets do not go straight down without a bounce or at least a short covering rally. I'm not sure who was selling below $47 but that is incredible how these stocks got so low.

Someone could pay $55 a share for each company on a buyout and get exposure to all the major shale plays in the United States. For only 26 Billion each. This stocks to me are very undervalued now.

If you think Natural Gas prices are going to $6-7 then you probably don't want to buy these two stocks.

XTO Energy - Chesapeake Energy CHK

Went long on both stocks this morning.....target $55-$58 in the coming weeks....it all depends on Natural Gas right now...so I'm picking a short term bottom but it could fall further possibly to $9.

I will add on these two below $50 each.