Hot Stock: Frontline, Shares Gain 31.0% (FRO)
Frontline (NYSE:FRO) is one of today's best performing low-priced stocks, up 31.0% to $2.45 on 3.6x average daily volume. Frontline has traded 4.2 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has outperformed the Dow (31.0% to the Dow's 1.2%) and outperformed the S&P 500 (31.0% to the S&P's 1.1%) during today's trading.
Frontline (NYSE:FRO) is currently priced 37.6% above its average consensus analyst price target of $1.53. The stock should find resistance at its 200-day moving average (MA) of $2.91, as well as support at its 50-day MA of $1.98.
Frontline Limited owns a fleet of very large crude carriers and Suezmax tankers that transport crude oil and oil products between ports. The Company's vessels are managed by ship management companies. Frontline conducts activities worldwide.
In the past 52 weeks, Frontline share prices have been bracketed by a low of $1.71 and a high of $4.72 and are now at $2.45, 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has slid 1.6%.
SmarTrend is monitoring the recent change of momentum in Frontline. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Frontline in search of a potential trend change.
Keywords: penny stocks Frontline