With Chesapeake Energy down 15% since Cramer’s Feb. 23 recommendation, investors may wonder if the stock is worth buying at all, especially considering the market all but ignored the company’s strong quarter.
Plus, Chesapeake has taken other steps as well to find its feet, including an increase in its oil exposure relative to natural gas and a new debt deal, that haven’t helped the share price one bit. As a hedge fund manager, Cramer have outright ignored this stock as well, at least until the charts offered an entry point.
That’s why Mad Money went “Off the Charts” on Tuesday, to find the floor in Chesapeake. Will this stock ever be a buy? For help, Cramer turned to a favored technical analyst, Tim Collins. Watch the videofor the full report.
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