Is it Time to Dump Chesapeake Energy Corp (CHK) Stock After it Is Up 2.98% in a Week?

The market has been high on Chesapeake Energy Corp (CHK) stock recently. CHK gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.

Chesapeake Energy Corp has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CHK!

See Full CHK Report

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CHK Stock Today?

Chesapeake Energy Corp (CHK) stock is trading at $88.82 as of 12:23 PM on Thursday, Mar 28, an increase of $1.09, or 1.24% from the previous closing price of $87.73. The stock has traded between $87.78 and $88.96 so far today. Volume today is low. So far 576,326 shares have traded compared to average volume of 2,175,240 shares. To screen for more stocks like Chesapeake Energy Corp click here.

More About Chesapeake Energy Corp

Chesapeake Energy Corp is a us-based exploration and production company. It is engaged in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs. Geographically, the company focuses on areas of Marcellus, Northern Appalachian Basin in Pennsylvania; Haynesville, Northwestern Louisiana (Gulf Coast); and Eagle Ford, South Texas. Click Here to get the full Stock Report for Chesapeake Energy Corp stock.