FRO, DSX, DRYS, SFL and NAT, One is Set to Double, Reports Thestockfather.com
(EMAILWIRE.COM, January 20, 2012 ) Chicago, Illinois - The Stockfather (http://www.thestockfather.com) believes that Frontline Ltd. Ordinary Shares (NYSE: FRO) will continue to move upwards, after being beaten down all the way to $2.52 a share.
Frontline Ltd. (FRO) is a shipping company, which just happens to be the biggest tanker company in the world.
Frontline Ltd. (FRO) is a carrier of ore and oil.
Frontline Ltd. (FRO) quite honestly was beaten down too far, and now should steer forward, as oil prices climb.
Gas prices have been rising, which usually means a higher demand, so this is great for a company such as Frontline Ltd. (FRO).
Shares of (FRO) closed at $5.00 on Thursday, and have a 52 week high of $27.51.
DryShips Inc. (NasdaqGS: DRYS) had volume of 4,556,021 on Thursday, as shares rose .03 cents to close at $2.35.
DryShips Inc. (DRYS) is a stock to buy on dips, but has been frustrating to investors lately, because there hasn't been any big price swings.
Diana Shipping Inc. (NYSE: DSX) closed at $8.15 on Thursday, up .20 cents from Wednesday.
Diana Shipping Inc. (DSX) is trading at $1.56 off its 52 week low.
Nordic American Tankers Limited (NYSE: NAT) fell $1.64, or 10.53% on Thursday.
Ship Finance International Limited (NYSE: SFL) had trading volume of 536,230 on Thursday.
Ship Finance International Limited (SFL) has a 52 range of $8.62 - $21.67, and is currently trading at $11.26.
Ship Finance International Limited (SFL) closed up .41 cents, or 3.78% on Thursday.
These five shipping stocks are all trading close to their 52 week lows, but (FRO) is far off its 52 week high, and is a shipper of ore and oil.
This is why Thestockfather.com feels that Frontline Ltd. (FRO) will more than double in just a short period.
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