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Overseas Shipholding Group Inc. – Equities of interest

October 17, 2012 by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :
Overseas Shipholding Group Inc. (NYSE: OSG)
his company has recently been getting bad press on concern that it has maxed out its lending facilities. Clearly there is now a lot of negative risk associated with the ticker, but as is the case many times, sometimes market participants overreact to news and the stock takes a harder hit than what the fundamentals reflect. Certainly the technicals are now violently oversold, and I would not at all be surprised to see a healthy corrective bounce back towards the $8 area at a minimum over the coming days. Any setbacks should be well supported above $3 on a daily close basis.

Related posts:

  1. Glu Mobile, Inc. and Hewlitt-Packard Company – Equities of interest
  2. Affymax, Inc. – Equities of interest
  3. Intersil Corporation (NASD: ISIL) – Equities of interest

Filed Under: Equities of interest

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I am forex trader from 2009. and I am making autotrading systems using Metatrader EA. In this blog I will share my thoughts about daily forex traders, market forexcast, top forex brokers.

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