Nordic American Tanker Ltd (NYSE: NAT)

Nordic American Tankers Limited, a tanker company, engages in acquiring and chartering double-hull tankers. As of December 31, 2014, it owned 24 Suezmax crude oil tankers, including two new buildings under construction. The company was founded in 1995 and is based in Hamilton, Bermuda.
Take a look at the 1-year chart of Nordic (NYSE: NAT) below with added notations:

Overall, NAT has been trending higher throughout most of 2015. Twice over the past 3 months the stock has hit the same resistance at $17 (red). Last week the stock tried again to break above that mark, but failed once more. A close above the $17 should lead to a significant leg higher for NAT.

The Tale of the Tape: NAT has a 52-week resistance at $17. The possible long position on the stock would be on a breakout above that level with a stop placed under it.