Eagle & Beagle
A short-term stock chart reflects a steady ascent for our eagle.
Shares of Oklahoma City-based Continental Resources closed higher than they opened on each of the past eight trading days. Last week, CLR gained more than $8 to reach $76.05 — a nearly 13 percent five-day gain.
The stock on Thursday also topped its 200-day moving average, a key metric for technical traders.
Continental, a major player in the oil-rich Bakken Shale region in North Dakota, has attracted some major institutional investors of late.
But the company's biggest shareholder likely is the person most pleased with the recent stock moves. That, of course, is Chairman and CEO Harold Hamm, who controls more than two-thirds of CLR stock.
Our beagle this week found the price went down as the volume went up.
Chesapeake Energy Corp., which has taken its share of shots to the chops lately, posted a 10 percent loss last week. The stock fell nearly $2 to close Friday at $17.20.