Chesapeake Energy Corporation(CHK) is in an uptrend but could lose its momentum

(31-Mar-2008) (31-Mar-2008) Chesapeake Energy Corporation(CHK) closed at 45.5, down -0.6 or -1.3 % today. Based on our analysis, Chesapeake Energy Corporation(CHK) is in an uptrend but could lose its momentum.

The closing price of Chesapeake Energy Corporation(CHK) is above its 50 day moving average of 42.45 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Chesapeake Energy Corporation(CHK) is losing momentum. Sustained loss of momentum could put the uptrend at risk. The MACD histogram crossed below the signal line on 17-Mar-2008, about 10 trading days ago.