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Frontier Oil (FTO) Downgrade Alert, Watch for 9.8% Technical Downtrend Continuation

Written on Thu, 07/29/2010 - 8:09am
By Chip Brian

Frontier Oil (NYSE:FTO) downgraded to Neutral from Outperform at Macquarie. The stock closed yesterday at $12.31 on volume of 3,104,400 shares, above average daily volume of 1,853,916.
Frontier Oil is currently below its 50-day moving average of $13.40 and below its 200-day moving average of $13.34.
SmarTrend is bearish on shares of FTO and our subscribers received a Downtrend alert on May 21, 2010 at $13.64, which has returned 9.8% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): FTO

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