CRK Bullish Descending Triangle Breakout, getting ready to run!
Bullish descending triangle breakout on CRK daily chart. Support looks to now be $5.14. Starting to see a double bottom form (testing support), setting the stage for likely run-up before earnings are released May 5th. Expecting a HUGE surprise to the upside based on Q1 guidance from last call. Per the CFO:
"this week is like hitting the jackpot as some of these incredible prices. I mean, frankly, we were able to sell -- get super-premium prices for a material amount of production anywhere from $15 an Mcf to maybe some even at $179 an Mcf. So those are the spot prices that are out there."
-Roland O. Burns -- President And Chief Financial Officer
Source
"this week is like hitting the jackpot as some of these incredible prices. I mean, frankly, we were able to sell -- get super-premium prices for a material amount of production anywhere from $15 an Mcf to maybe some even at $179 an Mcf. So those are the spot prices that are out there."
-Roland O. Burns -- President And Chief Financial Officer
Source