Daily Archives: September 9, 2024
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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....