Daily Archives: December 12, 2024
Showing articles 1 - 1 (1 total)
04Dec12:54 pmEST
Genco Grows Up to Be a Strong Man
Just when everyone forgot about the baby shippers, heres comes Genco Shipping, GNK, (and Eagle Bulk Shipping, EGLE), surging above their respective 200-day simple moving averages (yellow line on daily GNK chart, below). What we want to see now is a few days of consolidation, starting with today's dip, which does not breach the 200-day below....
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“chessNwine” has been a popular trader and financial blogger since 2009. His work has appeared in The Wall Street Journal Online Edition, Yahoo Finance, TheStreet.com, Josh Brown’s The Reformed Broker blog, AbnormalReturns.com, Barry Ritholtz’s The Big Picture blog, and the “Suggested” stream on Stocktwits.com.
