Scorpio Tankers and its subsidiaries are involved in the seaborne transportation of refined petroleum products in global shipping markets.
Its stock price has had a 350% run so far over the last 12 months, and analysts are forecasting it could get to around $68 or so which is another 20% to go from its current price levels.
There are a couple of different pullback type areas where you might be able to get in for better value depending on your strategy that I have identified on the chart above.
Could be worth a look.
Komentar
⋅
Risk Management - A Trailing Stop Loss of 18% would have kept you in most of this trade. If it broke below that it could have been a good sign to exit and look for a new entry when the trend resumed.
@liquorteast, the trend is your friend. I use it instead of an ATR to see what the "natural" range of the stock is over time and where to subsequently set my stops.