[isatrader]

Chesapeake Energy (CHK) has made a Stage 2 breakout this week after completing a one year Stage 1 base. Relative strength is improving and above the zero line, but the main negatives are the poor volume on the breakout (should be double the average at least) and also it has some near term resistance up to around the 25 zone. So a possible investor pick, but with the moving average breadth indicators and the NYSE Bullish Percent at their upper high risk levels above 70%, it's not a good time to be entering investor positions imo.