NEW YORK, NY / ACCESSWIRE / May 22, 2018 / U.S. equities closed up on Monday, with the Dow Jones bouncing back to 25,000 milestones. Tension between U.S. and China eased after statement from Treasury Secretary Steven Muchin, which calls for a delay of tariff implementation on Chinese good and said to "put the trade war on hold". The Dow Jones Industrial Average jumped 1.21 percent to close at 25,013.29, while the S&P 500 Index increased 0.74 percent to close at 2,733.01. The Nasdaq Composite Index gained 0.54 percent to close at 7,394.04.
"Markets are again in risk-on mode as investors take stock of the comments over the weekend from Treasury Secretary Mnuchin that trade tensions with China have cooled down," said Chris Zaccarelli, chief investment officer at Independent Advisor Alliance.
RDI Initiates Coverage on:
Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK
WPX Energy, Inc.
https://rdinvesting.com/news/?ticker=WPX
Chesapeake Energy's stock jumped 13.55% Monday, to close the day at $4.61. The stock recorded a trading volume of 96,034,985 shares, which was above its three months average volume of 37,026,293 shares. In the last year, Chesapeake Energy's shares have traded in a range of 2.53 - 5.87. The share price has gained 82.21% 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 $3.18 is below its 200-day moving average of $3.46. Shares of Chesapeake Energy have gained roughly 53.67 percent in the past month and are up 16.41 percent year-to-date.
Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK
On Monday, shares of WPX Energy recorded a trading volume of 6,862,418 shares, which was below the three months average volume of 7,787,001 shares. The stock ended the day 3.51% higher at $19.17. The share price has fallen 0.21% from its 52-week high with a 52-week trading range of 8.40 - 19.21. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $16.47 is above its 200-day moving average of $14.46. Shares of WPX Energy have gained roughly 14.93 percent in the past month and are up 36.25 percent year-to-date.
Access RDI's WPX Energy, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WPX
Our Actionable Research on Chesapeake Energy Corporation (NYSE :CHK) and WPX Energy, Inc. (NYSE :WPX) can be downloaded free of charge at Research Driven Investing.
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