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CHK- Short Term Bullish. Intermediate and Long Term TBD

Near term catalyst-
Bullish engulfing on 7/7
Bullish MACD crossing
Broken distribution trend line
RSI breaks out of over-sold conditions.

In the intermediate term, CHK still appears to be moving in a range. Based on the upper line, it looks like 14 will be an important area. It it breaks through 14, there is a gap at ~18.50 that may be filled. If it meets resistance at 14, I think we may see new lows.

Fundos, in brief- Stock could be influenced by Icahn rumors, natural gas movements, updates regarding the dividend, and earnings/forward guidance, specifically around returning to being FCF positive, and reducing debt.
chesapeakeCHKGASNatural Gas

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