Nordic American Tankers would be another good long term buy and hold. The price is crossing above all moving averages and the waves are nearly all above 0. In this case I tuned off C1 since it was below zero and just am concentrating on waves C2 through A. Good charts to trade don't need all the waves across 0, just the ones that currently are agreeing with the...
can tighten stop to top of gap
CORRELATION :70% (acceptable) CO -INTEGRATION : 0.86 long NAT @ 12.63 short ULTR @ 3.18
correlation of 94%, co integration of .93. short NAT (blue) long OSG ( orange).