The current width of the bands does not suggest anything about the future direction or movement of prices. Bollinger Bands are 8.5% narrower than normal. From the relationship between price and moving averages: This stock is NEUTRAL in short-term and NEUTRAL in mid-long term. Short-term moving average is currently below mid-term and above long-term moving average. Price has closed above its short-term moving average.

Price, moving averages and Bollinger Bands Stoxline posted a BUY today, upgraded from lower rating. The company was founded in 1989 and is headquartered in Oklahoma City, Oklahoma. As of December 31, 2021, it owned interests in approximately 8,200 gross productive wells, including 6,500 wells with working interest and 1,700 wells with an overriding or royalty interest and had estimated proved reserves of 661 million barrels of oil equivalent. The company holds interests in natural gas resource plays in the Marcellus Shale in the northern Appalachian Basin in Pennsylvania and the Haynesville/Bossier Shales in northwestern Louisiana and the liquids-rich resource play in the Eagle Ford Shale in South Texas. Chesapeake Energy Corporation, an independent exploration and production company, engages in the acquisition, exploration, and development of properties for the production of oil, natural gas, and natural gas liquids from underground reservoirs in the United States.

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