NEW YORK, NY / ACCESSWIRE / October 9, 2018 / U.S. equities were mixed on Monday with the Dow Jones finishing in the green, but broader market gains were lagged due to worries over sharp increase in interest rate. The Dow Jones Industrial Average climbed 0.15 percent to close at 26,486.78, while the S&P 500 Index decreased 0.04 percent to close at 2,884.43. The Nasdaq Composite Index shed 0.67 percent to close at 7,735.95.
“The technical underpinnings of the equity markets argue on the side of caution. Despite new highs by the S&P 500 and Dow Industrials just a few days ago, the broad market continues to deteriorate,” said chief investment strategist at Baird, Bruce Bittles.
RDI Initiates Coverage on:
Southwestern Energy Company
https://rdinvesting.com/news/?ticker=SWN
Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK
Southwestern Energy's stock jumped 6.63% Monday, to close the day at $5.63. The stock recorded a trading volume of 26,364,486 shares, which was above its three months average volume of 18,590,778 shares. In the last year, Southwestern Energy's shares have traded in a range of 3.42 - 6.72. The share price has gained 64.62% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $5.32 is above its 200-day moving average of $4.95. Shares of the company are trading at a Price to Earnings ratio of 5.40. Shares of Southwestern Energy have gained roughly 16.56 percent in the past month and are up 0.9 percent year-to-date.
Access RDI's Southwestern Energy Company Research Report at:
https://rdinvesting.com/news/?ticker=SWN
On Monday, shares of Chesapeake Energy recorded a trading volume of 20,913,897 shares, which was below the three months average volume of 27,108,371 shares. The stock ended the day 4.24% higher at $4.67. The share price has fallen 16.61% from its 52 week high with a 52 week trading range of 2.53 - 5.60. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.39 is above its 200-day moving average of $4.18. Shares of Chesapeake Energy have gained roughly 15.88 percent in the past month and are up 9.11 percent year-to-date.
Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK
Our Actionable Research on Southwestern Energy Company (NYSE:SWN) and Chesapeake Energy Corporation (NYSE:CHK) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com