Hi everyone.
On 07/12/2022, our system had provided a few picks and the results are as below:
CHK – (Sell) – Withdrawn
DVN – (Buy) – Profit
CLF – (Buy) – Profit
US stocks ended a volatile session mostly lower on Wednesday, amid recession fears and uncertainty around the path of Federal Reserve rate hikes. The S&P 500 lost 0.2% to 3934, booking its fifth session of losses and the Nasdaq declined for a fourth day to close 0.5% lower at 10959.
Let’s review our stock picks on Wednesday.
Call for sell for CHK which was withdrawn. Our system withdrew because the price opened with a gap below our EP before the stock moved upwards throughout the market.
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. 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.
Call for buy for DVN which resulted in a profit. Our system entered the market at $64.63 and made a call to profit at $64.66, which is our trailing stop loss.
Devon Energy Corporation, an independent energy company, primarily engages in the exploration, development, and production of oil, natural gas, and natural gas liquids in the United States. It operates approximately 5,134 gross wells.
Call for buy for CLF which resulted in a profit. Our system entered the market at $16.02 and made a call to profit at $16.20, which is our trailing stop loss.
Cleveland-Cliffs Inc. operates as a flat-rolled steel producer in North America. The company offers carbon steel products, such as hot-rolled, cold-rolled, electrogalvanized, hot-dip galvanized, hot-dip galvannealed, aluminized, enameling, and advanced high-strength steel products; stainless steel products; plates; and grain oriented and non-oriented electrical steel products.
Stay tuned for more of our stock picks.
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