Long Position on CPK @ $56.00 on 1/15/2016 (Fundamentals)

Chesapeake Utilities Corporation (CPK) operates as a diversified energy company.

The company operates in three segments: Regulated Energy, Unregulated Energy, and Other.

The Regulated Energy segment distributes natural gas in Delaware, Maryland and Florida; distributes electricity in Florida; and transmits natural gas on the Delmarva Peninsula and in Florida.

The Unregulated Energy segment wholesales and distributes propane; and markets natural gas. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation and air conditioning; plumbing; and electrical services.

The Other segment owns and leases office buildings in Delaware and Maryland. The company serves residential, commercial, industrial, and wholesale customers.

Shares are heading higher and are using the trend line (shown in blue) as their support. 

52-Weeks Trading Range: $44.37 - $61.13

Entry Point: $56.00

Stop Loss: $53.20

Target Price: $61.60

Updates

1/27/2016 3:54:48 PM

CPK closed at $61.81.

Position closed on 1/27/2016 at price of $61.81 with a 10.38% gain in 12 days.

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