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FRO - Buy Trigger for 5/27/2011

May 26, 2011 10:32 PM ET
scottrends profile picture
scottrends's Blog
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Another shipping stock with severe technical damaage.
This stock may have put a bottom in for now. Buy trigger
to start a position is above 17.60 adding more above 17.95
for a gap fill trade up to 18.60. Swing traders can look for
higher prices for a 2nd gap fill trade up to 20.00 raising stops
on the way up. Keep a hard stop at 17.29

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