Frontline (FRO) NewsBite - Higher Oil Boosts FRO
Oct 16, 2009 (Fresh Brewed Media via COMTEX) --
Company: Frontline Ltd. (FRO)
Frontline (NYSE: FRO) opened at $26.72. So far today, the stock has hit a low of $26.51 and a high of $26.94. FRO is now trading at $26.83, up $0.83 (3.19%). Over the last 52 weeks the stock has ranged from a low of $15.78 to a high of $38.50. Shares of FRO are rising with other oil tanker stocks, helped by rising oil futures. Technical indicators for the stock are bearish and S&P gives FRO a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on FRO the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 22.50 range.
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Company: Frontline Ltd. (FRO)
Related terms: futures, nyse, oil, S&P
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