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Next Resistance Level for Chesapeake Energ (CHK) is $4.96

By David Diaz

Shares of Chesapeake Energ (NYSE:CHK) have bullishly opened above the pivot of $4.86 today and have reached the first resistance level of $4.91. Analysts will be watching for a cross of the next upside pivot targets of $4.96 and $5.06.

Potential upside of 37.3% exists for Chesapeake Energ, based on a current level of $4.89 and analysts' average consensus price target of $6.72. The stock should hit resistance at its 200-day moving average (MA) of $5.72, as well as support at its 50-day MA of $4.87.

In the past 52 weeks, Chesapeake Energ share prices have been bracketed by a low of $3.93 and a high of $8.20 and are now at $4.89, 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has advanced 6.3%.

SmarTrend is tracking the current trend status for Chesapeake Energ and will alert subscribers who have CHK in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts chesapeake energ

Ticker(s): CHK