BUY: Chesapeake Energy Corporation (NYSE: CHK)

Tags: Chesapeake Energy Corporation, CHK
10 Apr 6:14pm
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.


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About Me I am not a stock expert or professional. I like playing the stock market for the excitement and challenge. I am by no means a "qualified expert" (whatever that means)at stock technical analysis or momentum trading. However, I am a relentless internet-surfer who has learned how to harness all of the resources online into strong returns on my investment. By doing so, I basically allow others to do the work for me (all free resources) and putting those pieces together into a formula that finds the right stocks. My impressive success over the past 3 years has led me to write this blog. My postings represent my actual positions (when I BUY I actually buy, etc etc). In my investing I have had the most success choosing momentum stocks that I see increasing 5 percent within 30 days. I have a simple buy-sell strategy: purchase at the beginning of an upswing and sell after 5% gain (no exceptions) or after 30 days, or after a predetermined stop loss. I will post all investments in terms of percentages, never in dollars. I will keep you updated on a month to month basis on the total Five Percent Stocks return, as I immediately reinvest earnings from sales. I am happy to hear your comments. Website: http://www.fivepercentstocks.com Email: info@fivepercentstocks.com