Shippers Finding Key Support?

Posted by Blain Reinkensmeyer
May 28, 2008 at 10:01 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.

drys-052808.png

exm-052808.png

gnk-052808.png



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1 Response to "Shippers Finding Key Support?" »

Pingback by Shippers Are Back, Buypoints Ready | Stock Trading To Go
2008-06-03 09:44:32

[...] those who like the dry-bulk commodities shipping trend, then you will like taking a look at the stock I have listed here today. These stocks are heavy [...]

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