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Today's Research Reports on Trending Tickers: Chesapeake Energy and Encana

NEW YORK, NY / ACCESSWIRE / December 17, 2018 / U.S. markets slumped on Friday as bank shares dragged equities lower amidst concerns about global economic slowdown after China’s industrial and sales growth report fell short of expectations. The Dow Jones Industrial Average dropped 2.02 percent to close at 24,100.51, while the S&P 500 Index fell 1.91 percent to close at 2,599.95. The Nasdaq Composite Index plunged 2.26 percent to close at 6,910.67.

“Indeed, investors are right to be worried about global growth as China economy continues to sputter,” said OANDA’s Asia Pacific head of trading, Stephen Innes. “The data lend support to the market’s view that things will get worse in China before they get better, this despite investment rising,” Innes added.

The Market Edge Initiates Coverage on:

Chesapeake Energy Corporation
https://marketedgereport.com/report/CHK/

Encana Corporation
https://marketedgereport.com/report/ECA/

Chesapeake Energy’s stock moved 9.69% lower Friday, to close the day at $2.33. The stock recorded a trading volume of 48,005,586 shares, which was above its three months average volume of 32,458,775 shares. In the last year, Chesapeake Energy’s shares have traded in a range of 2.33 - 5.60. The shares are currently trading at its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.21 is below its 200-day moving average of $4.26. Shares of Chesapeake Energy have fallen roughly 34.92 percent in the past month and are down 41.16 percent year-to-date.

Access The Market Edge's Chesapeake Energy Corporation Research Report:
https://marketedgereport.com/report/CHK/

On Friday, shares of Encana recorded a trading volume of 18,752,387 shares, which was below the three months average volume of 21,630,033 shares. The stock ended the day 6.59% lower at $5.81. The share price has fallen 59.4% from its 52 week high with a 52 week trading range of 5.78 - 14.31. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $7.65 is below its 200-day moving average of $11.46. Shares of Encana have fallen roughly 23.75 percent in the past month and are down 56.41 percent year-to-date.

Access The Market Edge's Encana Corporation Research Report:
https://marketedgereport.com/report/ECA/

Our Actionable Research on Chesapeake Energy Corporation (NYSE : CHK ) and Encana Corporation (NYSE : ECA ) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport