Frontline (FRO) NewsBite - One Of Today's Top Losers So Far

Posted on Friday, September 05, 2008 2:34 PM
Frontline (FRO) leads the list of top losers so far today and is now at $49.59, down $2.71 (-5.18%) on volume of 2,099,022 shares traded. Over the last 52 weeks the stock has ranged from a low of $34.00 in January to a high of $72.36 in May. Frontline stock has been showing support around $50.19 and resistance in the $54.73 range. Technical indicators for the stock are neutral and S&P gives FRO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on FRO the stock seems like it could be a candidate for a September out-of-the-money bear-call credit spread above the 55 range. [ABR-Seven Summits Strategic Investments NewsBite]
Stocks To Watch Today: FCX, HAL, ISRG, MRVL, HMC, CEG, GENZ, LMT, WYNN, BNI (Click Symbol For Latest News)

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