Frontier Takes Off

Frontier Communications (FTR) completed an 18 months ascending triangle by closing above $5 on 3.7x the avg daily volume.  The move was initiated by a 3 months consolidation pattern in yellow. Implied target is $7. Note that FTR has a dividend yield of 8%.

ftr

 

STOP searching for your next trade & subscribe or follow me @theartofchart

Advertisements

2 Comments on “Frontier Takes Off”

  1. Rodders says:

    OK thanks. What is your stop, $4.7?


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s