Four Dry bulk stocks to watch
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The sell-off in Eagle Bulk Shipping Inc. (NASDAQ:EGLE) has stalled. The short-term trend is down, but this is a good spot to speculate on an oversold bounce. The stock has recovered from its its 52-week low of $2.51 hit on Monday and closed today at $2.67. The current rally should at least push the stock to $2.80 per share where the major resistance is. EGLE needs to close above this level to indicate a continuation of the rally. If this rally fails, there’s a new downside risk. Shareholders may remain invested with a stop-loss at $2.51.
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DryShips Inc. (NASDAQ:DRYS) spiked to $3.80 this morning but the rally ran out of steam and shares closed below it. The technical indicators continue to look weak. The MACD is in negative zone and below the signal line.The RSI and slow stochastic are in their oversold zones. The ROC is in the negative zone as well. The stock price needs to rally above $3.92 before fresh investments can be made in this stock.
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Navios Maritime Partners L.P. (NYSE:NMM) is still sinking. I'm still okay with NMM as a bearish candidate. The stock under performed the market on Wednesday and remains under the Tuesday highs. If the stock closes above $19.4 then we'll probably drop it as a bearish candidate. If that happens we can watch it for a bullish breakout over resistance at $19.83. The technical indicators are all bearish. The MACD is in negative territory and below the signal line. The ROC is in the negative zone and RSI is moving sideways below the 50% level. At this point, the only hope for the bulls is possible support from the 200 day EMA.
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Diana Shipping Inc. (NYSE:DSX) rallied toward resistance near $11.53 again but not before dipping to $11.20 this morning. This stock is holding up nicely above the key support of $11.15 in this weak market environment. It has a good base which can be used as a stop loss for long position. On the upper side, the move is likely to accelerate above $11.59. Short-term investors can hold the stock as long as it trades above $11.
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Other stocks to watch :
Earnings Announcements for Thursday
America's Car-Mart Inc - CRMT
Angeion Corp - ANGN
Big Lots Inc - BIG
Blue Coat Systems Inc - BCSI
First Security Group Inc - FSGI
Food Technology Service Inc - VIFL
Fred's Inc - FRED
Gyrodyne Co of America Inc - GYRO
H J Heinz Co - HNZ
HHGREGG Inc - HGG
Iteris Inc - ITI
Magma Design Automation Inc - LAVA
Marvell Technology Group Ltd - MRVL
Mobil'nye TeleSistemy OAO - MBT
New Century Bancorp Inc - NCBC
Oceanfreight Inc - OCNF
Omnivision Technologies Inc - OVTI
Park Bancorp Inc - PFED
Patterson Companies Inc - PDCO
QAD Inc - QADB
Rbc Bearings Inc - ROLL
Rosetta Genomics Ltd - ROSG
rue21 Inc - RUE
Seneca Foods Corp - SENEA
Signet Jewelers Ltd - SIG
Tiffany and Co - TIF
Vimpelcom Ltd - VIP
WSP Holdings Ltd - WH
New 52-week high stocks
S - Sprint Corp FON Group
EP - EL PASO CORP
NFLX - Netflix, Inc.
ELN - ELAN CORP P L C
AMRN - Amarin Corporation
GMCR - Green Mountain Coffee
SODA - SodaStream International
RPTP - Axonyx, Inc.
BPI - Bridgepoint Education
DUSA - DUSA Pharmaceuticals
MAKO - MAKO SURGICAL CORP
HANS - Hansen Natural Corporation
GLBC - GLOBAL CROSSING LTD
VOLC - VOLCANO CORPORATION
AMMD - American Medical System
AZO - AUTOZONE INC NEVADA
LCAPA - LIBERTY MED CP
DMND - DIAMOND FOODS
ABMD - ABIOMED, Inc.
MHLD - Maiden Hldgs Ltd
LXU - Lsb Industries Inc
KNDL - Kendle International
New 52-week Low stocks
AIG - AMERICAN INTERNATIONAL
CSCO - Cisco Systems, Inc.
FRO - FRONTLINE LTD
YGE - Yingli Green Energy
LOGI - Logitech International
CSIQ - Canadian Solar Inc
KNX - Knight Transportation
TNK - Teekay Tankers Ltd
SVNT - SAVIENT PHARMS
FSIN - Fushi Copperweld
SKX - SKECHERS USA INC
THG - ALLMERICA FINANCIAL
PETS - Petmedexpress.com Inc
HHS - HARTE HANKS INC
UAM - Universal Amrcn
Unusual volume in today's trading session
VLCO - ValCom Inc
LWSN - Lawson Software, Inc.
WAMUQ - Washington Mutual Inc
TWO - TWO HARBORS INVT CP
TNE - Tele Norte Leste
YNDX - Yandex NV
PSS - Collective brands
CPWR - Compuware Corporation
GLUU - Glu Mobile Inc
RPC - AMDL Inc
RL - POLO RALPH LAUREN CORP
TOL - TOLL BROTHERS INC
FRO - FRONTLINE LTD
UL - Unilever PLC
TTWO - Take-Two Interactive
LPS - Lender Processing S
MRNA - Nastech Pharmaceutical
ZLC - Zale Corp
GMO - General Moly Inc
TSLA - Tesla Motors Inc
KEM - Kemet Corp
QLGC - QLogic Corporation
Disclaimer : This is not an investment advisory, and should not be used to make investment decisions. Information in AC Investor Blog is often opinionated and should be considered for information purposes only. No stock exchange anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. The charts provided here are not meant for investment purposes and only serve as technical examples. Don't consider buying or selling any stock without conducting your own due diligence.
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AC
