August 7, 2018 - 8:00 AM EDT
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Today's Research Reports on Trending Tickers: Chesapeake Energy and Buckeye Partners

NEW YORK, NY / ACCESSWIRE / August 7, 2018 / U.S. markets closed in the green on Monday, as Nasdaq surged for the fifth consecutive session, on a batch of strong corporate earnings, amidst ongoing trade-related concerns between U.S. and China. The Dow Jones Industrial Average increased 0.16 percent to close at 25,502.18, while the S&P 500 Index has gained 0.35 percent to close at 2,850.40. The Nasdaq Composite Index climbed 0.61 percent to close at 7,859.68.

According to senior portfolio manager at TCW, Diane Jaffee,"Earnings growth has been great in the second quarter, but that has been countered by the signs that tariffs have moved from rhetoric into action and are impacting global supply chain."

RDI Initiates Coverage on:

Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK

Buckeye Partners, L.P.
https://rdinvesting.com/news/?ticker=BPL

Chesapeake Energy's stock jumped 5.38% Monday, to close the day at $4.70. The stock recorded a trading volume of 37,356,097 shares, which was below its three months average volume of 39,945,928 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 5.60. The share price has gained 85.77% 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 $4.87 is above its 200-day moving average of $3.79. Shares of Chesapeake Energy have fallen roughly 11.15 percent in the past month and are up 18.69 percent year-to-date.

Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK

On Monday, shares of Buckeye Partners recorded a trading volume of 1,832,268 shares, which was above the three months average volume of 1,103,680 shares. The stock ended the day 4.81% higher at $38.11. The share price has fallen 38.2% from its 52 week high with a 52 week trading range of 32.03 - 61.67. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $34.86 is below its 200-day moving average of $40.94. Shares of the company are trading at a Price to Earnings ratio of 11.99. Shares of Buckeye Partners have gained roughly 10.72 percent in the past month and are down 23.09 percent year-to-date.

Access RDI's Buckeye Partners, L.P. Research Report at:
https://rdinvesting.com/news/?ticker=BPL

Our Actionable Research on Chesapeake Energy Corporation (NYSE:CHK) and Buckeye Partners, L.P. (NYSE:BPL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com


Source: ACCESSWIRE Investor Awareness (August 7, 2018 - 8:00 AM EDT)

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