STNG - Scorpio Tankers - Up 350% over 12 months

20 dic 2022

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.

20 dic 2022

Nota

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.