The NAT (Nordic American Tankers Ltd) Growth & Income Active Trade is currently trading about 13.7% above Friday’s entry price of 11.51 while approaching decent resistance on the daily chart which comes in around the 13.25 area. While the weekly downtrend line (roughly 20% higher) remains the sole official target at this time, active traders might opt to book partial or full profits if/as NAT approaches the 13.25 level, possibly recycling back in on a pullback off the initial tag of that level. As of now, the weekly downtrend line (click here to view it in the previous post) remains the sole & final official price target for this trade.
NAT daily Feb 16th