Entry level $11.25 = Target price $13.40 = stop loss $10.60 Major breakout possible in this beaten down stock which is following the Shippers surge after NYSE:SALT posts superb earnings and rates continue to increase. Company profile Genco Shipping & Trading Ltd. is an international ship owning company. It engages in transporting iron ore, coal, grain, steel products and other drybulk cargoes along worldwide shipping routes through the ownership and operation of drybulk carrier vessels. It operates through the ocean transportation of drybulk cargoes worldwide through the ownership and operation of drybulk carrier vessels segment. The company was founded on September 27, 2004 and is headquartered in New York, NY.