Fronteer – Looking Good

by JDH on December 30, 2006

Fronteer Development Group peaked at $11.24 on November 24, and dropped to close on December 23 at $9.54. Last week I said “This looks like a normal consolidation to me, and it’s probably a good buy point. This is a solid “near blue chip”, and forms a nice chunk of my portfolio.” I still think I’m correct, since it recovered to $10.75 this week, and the MACD looks great. Still a buy, with a new high expected shortly, I suspect.


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