Great looking chart, and we’re seeing some heat in the space. Good news out of GDP and nice relative strength in the sector (see FCG) makes this an attractive long.
The trade I like here is long May 26 calls, with a stop under 25.60. It’s already had a strong run this morning so a scale-in approach can work.
CHK has hit it’s 2nd standard deviation Bollinger Band, and is up 4 days in a row. I’m bailing here on the May 26 calls @2.30 and will look to reenter on a pullback.