Shippers Finding Key Support?
Posted on Wed 28th May, 2008 10:01:18 AM
A trend that has been out of favor for the last two weeks is shipping with leading stocks taking a breadth after some huge runs. Now coming off support are these stocks ready to roll once again?
I have the following stock charts here to show you: DryShips (DRYS), Genco Shipping (GNK), and Excel Maritime Shippers (EXM). All three of these stocks are up thus far today coming off closing around key support yesterday.
For those who are new to the blog, DRYS was a recent selection which we ran from just over $88 to well over $100 in less then three weeks.
More on this topic
(What's this?)
Is Genco Shipping a Ride or a Slide?
(Contrarian Profits, 2/29/08)
Bookkeeping: Closing Excel Maritime Carriers (EXM)
(Fund my Mutual Fund, 9/24/09)
TIM Report: Bullishness Moderating, with DRYS, KR, and X as Longs, S, AIG, and GS as Shorts
(Bull Bear Trader, 9/18/09)