Momentum Stocks in Focus: Frontline Ltd. (NYSE:FRO) , Horizon Global Corporation (NYSE:HZN)

On 4/12/2017, Shares of Frontline Ltd. (NYSE:FRO) closed at $6.77 in last trading day. After noting the initial trading entry at $6.95, it reached to a day’s high of $6.95 and moved to a day’s low of $6.76. The recent daily volume was 597.73 thousand as contrast to it’s an average volume of 1.04 million.

Technical Indicators:

The last close of the Frontline Ltd. stock reflects that it traded -1.12% from its 50-day moving average of $6.85. The stock traded below -5.48% to its 200-day MA of $7.16. Furthermore, it moved lower -34.97% from its 52-week high of $10.41 and +2.42% up from $6.61, which is 52-week low of the stock.

During the last month, Frontline Ltd.’s (FRO) has changed 1.04% and performed -11.06% over the last 6 months. The mean rating score for this stock is at 3.00. This rating scale contains from 1 to 5 with 5 representing a Strong Sell, 1 signifying a Strong Buy and 3 demonstrating a Hold. The Volatility was noted at 2.18% in recent month and observed Weekly Volatility of 2.32%.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2016, the company operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It is also involved in the charter, purchase, and sale of vessels. The company is based in Hamilton, Bermuda. Frontline Ltd. is a subsidiary of Hemen Holding Ltd.

Horizon Global Corporation (NYSE:HZN) finalized the last transaction at value of $12.61, with a daily change of +2.35% or +0.29 points. The company maintained volume of 559.58 thousand shares. In past trading day, the stock hit the maximum price of $13.50 and touched to minimum value of $12.53. It has a market cap of $ 322.01M.

Technical Indicators:

As of last trade close, the stock is trading  downside -52.17% from its one year high of $26.36 and moved +18.96% upward from $10.60, which is one year low of the stock.

The stock traded below -15.33% from its 50-day moving average of $14.89. Furthermore, the stock moved -36.80% to its 200-day MA of $ 19.95.

Horizon Global Corporation’s (HZN) moved with shift of -3.15% in the past week. Over the last three months, the shares of the company have changed -44.10% and performed -40.07% over the last six months. The stock currently has Monthly Volatility of 4.79% and Weekly Volatility of 4.70%.

Horizon Global Corporation designs, manufactures, and distributes a range of towing, trailering, cargo management, and other related accessory products to the automotive aftermarket, retail, and original equipment channels worldwide. It operates through two segments, Cequent Americas and Cequent APEA. The company provides towing products, such as hitches, fifth wheels, gooseneck hitches, weight distribution systems, wiring harnesses, draw bars, ball mounts, crossbars, towbars, security, and other towing accessories for attaching a trailer, camper, etc. It also offers trailering products, including control devices and components of the trailer itself comprising brake controls, jacks, winches, couplers, interior and exterior vehicle lighting, and brake replacement parts. In addition, the company provides cargo management products consisting of bike racks, roof cross bar systems, cargo carriers, luggage boxes, car interior protective products, rope, tie-downs, tarps, tarp straps, bungee cords, loading ramps, and interior travel organizers. Further, it offers other products comprising commercial brooms and brushes, skid plates, oil pans, tubular push bars, side steps, and sports bars. The company provides its products under the Reese, Hayman-Reese, and Draw-Tite, as well as Aqua Clear, Bulldog, BTM, DHF, Engetran, Fulton, Harper, Hidden Hitch, Highland, Kovil, Laitner, Parkside, Pro Series, Reese Secure, Reese Explorer, Reese Power Sports, Reese Towpower, ROLA, Tekonsha, Trojan, WesBarg, and Witter Towbar Systems brands. Horizon Global Corporation offers its products through original equipment manufacturers, original equipment suppliers, retail, and aftermarket customers in the agricultural, automotive, construction, horse/livestock, industrial, marine, military, recreational, trailer, and utility markets, as well as serves end-user through retailers. Horizon Global Corporation was incorporated in 2015 is headquartered in Troy, Michigan.

 

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