Careful Long CHK Here

May 9, 2008 10:36 PM

CHK has to clear $57.87 to be long up here, so caution is in order. If it sells down, $51 area should provide support. If we get much below that it could get dicey. Obviously oil going crazy has lifted it. It appears extended here, then again so do all energy stocks, but they keep pushing.

Written by Tom@StockBlade.com · Filed Under CHK