NEW YORK, NY / ACCESSWIRE / November 20, 2017 / U.S. markets closed in the red Friday, with the Dow Jones and S&P 500 posting their second consecutive weekly loss, as concerns regarding President Trump's tax reform plan continue to linger. The Dow Jones Industrial Average dropped 0.43 percent to close at 23,358.24, down 0.28 percent for the week, while the S&P 500 Index fell 0.26 percent to close at 2,578.85, down 0.14 percent for the week. The Nasdaq Composite Index declined 0.15 percent to close at 6,782.79, up 0.46 percent for the week.

"Everybody is looking at that tax plan and wondering exactly what are the devils in the details," said Bruce McCain, chief investment strategist at Key Private Bank in Cleveland, according to Reuters.

RDI Initiates Coverage on:

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

Southwestern Energy Company
https://rdinvesting.com/news/?ticker=SWN

Chesapeake Energy Corporation's stock moved 4.42% higher Friday, to close the day at $4.02. The stock recorded a trading volume of 21,898,004 shares, which was below its three months average volume of 27,909,898 shares. In the last year, Chesapeake Energy Corporation's shares have traded in a range of 3.41 - 8.20. The share price has gained 17.89% from 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 $3.94 is below its 200-day moving average of $4.47. Shares of Chesapeake Energy have gained roughly 4.69 percent in the past month and are down 42.74 percent year-to-date.

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

On Friday, shares in Southwestern Energy Company recorded a trading volume of 11,609,542 shares, which was below the three months average volume of 15,919,262 shares. The stock ended the day 5.74% higher at 6.45. The share price has gained 31.63% from its 52-week low with a 52-week trading range of 4.90 - 12.85. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $5.84 is below its 200-day moving average of $5.95. Shares of Southwestern Energy have gained roughly 18.13 percent in the past month and are down 40.39 percent year-to-date.

Access RDI's Southwestern Energy Company Research Report at: http://www.investornetwork.com/company/343
https://rdinvesting.com/news/?ticker=SWN

Our Actionable Research on Chesapeake Energy Corporation (NYSE:CHK) and Southwestern Energy Company (NYSE:SWN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com