This energy company is in the spotlight as Crude Oil keeps going up on speculation that demand is picking up.
Chesapeake has an average target of $34.
Based on the current trading pattern, Chesapeake seems to be a good rebound play. Watch $25.50. Any break of the middle Bollinger band is a good entry for Chesapeake.
I will be taking first profit at $28, and second one at $30.
Simple energy play. This company has extremely sound fundamentals. It did not lose any money during the sharp downturn.
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