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zAngus
Dec 20, 2022 3:26 AM

Ardmore Shipping - Up 300% 

Ardmore Shipping CorporationNYSE

Description

Ardmore Shipping engages in the seaborne transportation of petroleum products and chemicals worldwide.

It is up a bit over 300% over the last 12 months and is going through a bit of a pull back to a better value area.

Could be worth a watch to see if it recovers and continues to run.

Comment

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.

Comment

Made a nice bounce away from that support area and gained around 5.7% before pulling back a little to close up 3.56% for the day.

Comment

Sill trying to build support in that $13 to $14 channel.

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