Frontline,
Ltd. (FRO) owns and operates oil tankers.
Key
Information:
Fundamental:
Sector:
Services
Industry:
Shipping
Liquidity:
Market
Capitalization: $2.68 billion
Average daily
volume (3-month): 753 thousand shares
Closing Stock
Price: $35.81
Risk
Proxies:
52-week high /
52-week low: 1.51
Beta
(3-month): 2.37
Debt/Equity:
4.34
Profitable:
Yes
Valuation:
Price/Sales:
1.77
Price/Book:
3.75
Price/Earnings:
4.42
Price/2007
Analyst Earnings Estimates: 24.36
Analysis
FRO has been
in a decline for the past year and a half. We aren't expecting a major
trend change. However, we do expect the stock to perform well in the
short-term; Friday was marked by several bullish signals:
- The fast stochastic indicator crossed above the slow
stochastic indicator while in oversold territory
- The stock gapped up, and closed near the highs
- Volume was fairly high
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Key
Levels
Buy:
Market
The stochastic
crossover occurred
Stop loss:
34.47
Slightly below
the recent lows
Target:
38.99
Slightly below
the highs of a gap
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