Comstock Resources (CRK): Natural Gas Demand Fuels Growth

Comstock Resources, Inc. (CRK) is an energy company specializing in natural gas exploration and production. Focused primarily on the Haynesville Shale, Comstock plays a key role in supplying the growing demand for natural gas in the U.S. and beyond. With the increasing push for cleaner energy solutions and rising global demand for liquefied natural gas (LNG), the company continues to expand production and optimize operations to stay competitive in the energy sector.

The stock chart recently showed a confirmation bar with increasing volume, moving into the momentum zone, which happens when the price moves above the 0.236 Fibonacci level. This signals strong investor confidence and potential for further gains as buyers step in.

Using a trailing stop helps traders manage risk while maximizing potential profits. By setting a trailing stop based on Fibonacci levels, traders can stay in the trade as long as the stock continues trending upward while securing a future exit if momentum weakens. This strategy ensures gains are protected while still allowing room for continued upside