U.S. Markets close in 5 hrs 41 mins

Chesapeake Granite Wash Trust (CHKR) Shares March Higher, Can It Continue? - Tale of the Tape

Zacks Equity Research

Investors certainly have to be happy with Chesapeake Granite Wash Trust (CHKR) and its short term performance. After all, the stock has jumped by 17.7% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for CHKR?

While we can never know for sure, it is pretty encouraging that estimates for CHKR have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CHESAPEAKE GRNT (CHKR): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research