workingtraders
Short

Short Idea for $CHK

BATS:CHK   CHESAPEAKE ENERGY CORP
228 2 4
Break of the bullish trend line .
MACD is suggesting buyers are exhausted.
This whole sector looks tired.
About 3% risk for 20% reward.
Looking to confirm with break of 20 day moving average.
taking 1/3 off here 25.89
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started a short at 26.39
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