FTR Watch

I've closed my position in Frontier Communications Corp. (FTR) for reasons outlined in my Dec. 17 posting and update.

What tipped the balance was the on-balance volume, which showed a lower low and is moderating a small rise at a lower level than than the prior high.

With two out of three technical signals in bear phase (Person's Proprietary Signal and the macd) and with the next dividend nearly a full quarter away, my motivation for continuing to hold FTR is fading fast.

I opened the position by buying shares. In the 28 days the position was active, the price rose by 4%. Figure in the 18.75¢ dividend, and the total gain was 6.05%

Disclaimer

Tim Bovee, Private Trader tracks the trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.


No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decision decisions for his or her own account, and take responsibility for the consequences.