Knightsbridge Tankers - VLCCF - cls: 38.11 chg: +0.05 stop: 34.85
Hmm.. not a bad week for VLCCF but not very impressive. This momentum play is looking a little overbought so some traders may want to wait for a dip back to $37.00 as a potential entry point. Fortunately, VLCCF continues to show very strong relative strength as does the water transportation industry. No change in our strategy or our stop loss. The P&F chart remains positive with the bullish triangle breakout and $59 target.
Picked on November 22 at $37.60
Gain since picked: + 0.51
Earnings Date 00/00/00 (unconfirmed)
Average Daily Volume: 307 thousand
Link to Current Quote VLCCF