Updated

STNG - Scorpio Tankers - Up 350% over 12 months

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.

Note

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.

zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o

Also on:

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zAngus

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SITES:

FIND TRENDING STOCKS: HigherHighs.com/

FIND AND SET TRAILING STOPS: SuperTrail.io

MY YOUTUBE TRADINGVIEW TIPS AND TRICKS: bit.ly/3kRW08o

Also on: