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Re: bigtoe1963 post# 1116

Friday, 09/04/2015 11:16:34 AM

Friday, September 04, 2015 11:16:34 AM

Post# of 3072
This is a good article on FTR, imo



Frontier Communications

Thursday's Range: $5.26-$5.58
52-Week Range: $4.19-$8.46
Thursday's Volume: 31 million
Three-Month Average Volume: 28.73 million
Frontier Communications (FTR - Get Report) , a communications company, provides regulated and unregulated voice, data and video services to residential, business, and wholesale customers in the U.S. This stock traded up 5.9% to $5.52 in Thursday's trading session.

From a technical perspective, Frontier Communications spiked sharply higher on Thursday right off its 20-day moving average of $5.22 with strong upside volume flows. This stock has been uptrending a bit over the last few weeks, with shares moving higher from its low of $4.57 to its intraday high of $5.58 a share. During that uptrend, shares of Frontier Communications have been making mostly higher lows and higher highs, which is bullish technical price action. That move has now quickly pushing this stock within range of triggering a major breakout trade above some key overhead resistance levels. That trade will trigger if this stock manages to clear some key overhead resistance levels at $5.64 to around $5.75 with high volume.

Traders should now look for long-biased trades in Frontier Communications as long as it's trending above its 20-day at $5.22 or above its 50-day at $5.03 and then once it sustains a move or close above those breakout levels with volume that hits near or above 28.73 million shares. If that breakout materializes soon, then this stock will set up to re-test or possibly take out its next major overhead resistance levels at its 200-day moving average of $6.16 to around $6.50, or even $7 to $7.40 a share.

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