I’m sure you’ve heard the saying: “Don’t judge a book by its cover”.
It’s a metaphorical phrase which means that you shouldn’t place a value on something by its outward appearance alone; however, people still seem inclined to jump to conclusions…
In fact, studies show that you only have approximately 7 seconds to make a strong first impression.
This small window is far from enough time to form a solid understanding of someone and when it comes to the stock market, things aren’t all that different.
Here’s one stock that many investors chose to steer clear of at first glance, but it happened to produce a 65% gain within a single month of trading and seems to be on track to climbing up some more!
When hunting for profits in the market, Frontier Communications Corporation (FTR) is a great place to start.
The thing is, you may need to spend a little more than 7 seconds of analysis to realize the potential of this particular investment.
Take a second to view the chart below…
Without even the slightest bit of experience in chart analysis, you could probably deduce that this isn’t the best looking chart in the world and you wouldn’t be all that wrong, considering shares have been in a steady downtrend for the past 2 years straight.
Ever since August of 2016, the FTR price tag has been suppressed further and further below its original $56.74 value, causing shares to plummet as low as $4.40 at the start of last month.
But if you look closer, you’ll notice that Frontier Communications stock is just starting to tick back up. After FTR reached the low we saw in September, share values have shot up to $7.25!
That’s a 65% increase within just one month of trading alone!
The thing is, this price has just met up with the 40 week moving average, which is often a great indication that additional profits are to follow.
With that said, there’s no better time to get into FTR than NOW.
Just imagine the type of returns that would come from this investment if it was to skyrocket to a value similar to the one we saw back in 2016.
That would put close to 700% worth of market gains directly into your pocket!
A profit like this isn’t all that far-fetched. Like I mentioned, every bit of technical analysis is hinting towards an upward trajectory for Frontier Communications and we’ve already seen the early signs of it.
As you can see, you should never judge a book by its cover. From afar, FTR doesn’t look like a good investment to add to your portfolio; however, closer analysis shows that an uptrend is already underway.
Keep FTR on your watchlist and don’t act surprised when its value continues to beat expectations.
