Navios Maritime recovering nicely after the Suez Canal blockage.

Navios looks like it is recovering nicely after its pullback with the Suez Canal incident that occurred over the last couple of weeks. It is back up above its 20 day moving average, but Id like to give it another day or so just for confirmation and to see some of the other indicators turn positive. Perhaps a stop buy order 2% or 3% above its current price. Worth a look.

Comment:

Headed the wrong way so I didn't enter the trade but now that it is back down to a support area could be interesting again.