Tsakos Energy Navigation (TNP): Head and Shoulders Bottom?

Tsakos Energy Navigation (TNP) just flashed a golden cross.

Tsakos Energy Navigation (TNP)
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TNP is possibly breaking out from a head and shoulders bottom pattern.

The next key target area will be near $11.

For Reference

The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.