Frontline Ltd. (USA) Irregular Trade during last session - NYSE:FRO
The markets are surging higher again today, following more optimism in Europe over a drop in Italian yields and the slightly less ugly debt situation. In addition, light volume due to the Veterans Day holiday in the United States allows the upside to hold and gain. As the markets advance, key stocks are making moves. Below are the keys to the trade.
Frontline Ltd. (USA) (NYSE:FRO) witnessed volume of 6.60 million shares during last trade however it holds an average trading capacity of 2.33 million shares. FRO last trade opened at $5.76 reached intraday low of $5.55 and went +15.76% up to close at $5.95.
Read Full Article and Disclaimer at:http://stockbling.com/8019/stock-highlights/irregular-volume-of-frontlin...
Our stock market direction ratings are: 1) Short Term: Bearish; 2) Long Term: Bearish...The adjustments to the support/resistance levels for the indices is a mixed bag down on DJIA (DIA) (11,952/12,058), same on S&P 500 (SPY) (1,276/1,288), and up on Nasdaq Composite (QQQ) (2,679/2,687)...8 of 9 stocks in our focus list rose today with an average gain of 2.1% on moderately higher volume...Most sec
Frontline Ltd. (NYSE:FRO) and Overseas Shipholding Group Inc. (NYSE:OSG) are surging today, jumping more than 5% each. Call buying noted in FRO started the move. In addition, major instability in shipping lanes associated with North Africa and the Middle East could increase shipping rates. Oil and gold are both jumping dramatically today on the fear sweeping the globe.