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Woodshedder
Joined Nov 11, 2007
1,458 Blog Posts

The Daily Breakout: TNP

Woodshedder Sun Dec 9, 2007 3:06pm EST 1 Comment

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide.

TNP has completed a 5 month consolidation and has broken out on very high volume.

While the RSI(2) is showing overbought, the Stochs and MACD have room to move up. Consider waiting for a pullback or a re-test of the pivot-point before taking a position.

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One comment

  1. Dinosaur Trader
    Dinosaur Trader
    December 10, 2007 at 2:22 pm

    Nice chart, Woody. Definitely one to watch.

    -DT

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