Chesapeake Energy Losing Steam

Chesapeake Energy Corp. (NYSE:CHK) is a leading natural gas stock that has been under pressure since yesterday when it traded as high as $35.37 a share. Today, Chesapeake Energy stock is trading lower by 0.37 cents to $33.64 a share. Should the stock decline further throughout the day short term scalp traders can watch the $33.00 and $32.50 levels as intra-day support. The $32.50 area looks like a very attractive as an intra-day bounce area for the stock.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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