Frontline (FRO) is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore (OBO) carriers. This stock is trading up 8.4% at $5.95 in recent trading.
Today's Range: $5.55-$5.9652-Week Range: $2.52-$25.09 Volume: 3.6 million Three-Month Average Volume: 1.77 million >>9 Gold, Oil Stocks That Rise on Bad News From a technical perspective, FRO is ripping nicely higher today on monster volume. This move now puts FRO within range of triggering a major breakout trade. That trade will hit once FRO takes out some overhead resistance at $6.10 to $6.62 with volume. Look for volume on a move over those levels that's near or well above 1,774,150 shares. If we get that action soon, look for FRO to make a run at its next significant overhead resistance level of $8.38 in the very near future. Follow @stockpickr
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