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Recently Merged Natural Gas Name Sets up Bullish Flag

by | Dec 15, 2024

Expand Energy (EXE) shares of the natural gas name are coiling tight near recent highs in a bull flag and has had a strong Q4 so far. EXE is the former Chesapeake Energy which merged with Southwestern Energy. The stock is showing great relative strength in the Nat gas group that look poised for new highs and can breakout above 100 for a move towards 105-110. EXE has also seen recent bull options flows including A large buyer last week for 5000 January $100 calls at $3.55 which added to existing open interest and now over 14K holding in OI.

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