Chesapeake Energy (CHK) NewsBite - Energy Futures Lift CHK

Posted: Monday, November 09, 2009 10:15 AM EDT

Chesapeake Energy (NYSE: CHK) opened at $24.82. So far today, the stock has hit a low of $24.73 and a high of $25.13. CHK is now trading at $24.97, up $0.76 (3.14%). Over the last 52 weeks the stock has ranged from a low of $9.84 to a high of $30.00. CHK is getting a boost from higher oil futures this morning. Technical indicators for the stock are bullish and S&P gives CHK a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CHK the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]

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