GENCO SHIPPING & TRADING LIMITED

NYSE

GNK

Bullishcharts 91 views ・

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...

eugene71 14 views ・

This is a terrible breakout strategy stock, but looks promising for a range bound strategy to profit off the highs and lows. Any suggestions on a strategy that leverages both Bollinger and Trend lines to determine buy/sell points, which are both are depicted with two overlays in the chart.

jeffyanzo 19 views ・

I love using overbought and oversold analysis and patterns when scanning for moves. This is overbought. RSI (not pictured) was up over 77 on the 1 day chart. Anything above 70 typically triggers an alarm for me. I'll be looking at a mark around $9.50 as a good "buy to close" price but obviously $8 a share is not out of our target range here. Let's see if we...

eugene71 15 views ・

Needs to push through that blue resistance line.

eugene71 17 views ・

First resistance probably be close to 9.30

SergueiDoubov 37 views ・

GNK

cantestogo 27 views ・

GNK is in a strong downtrend but i'm expecting a breakout to the upside. A strong pullback in the dotted line can indicate a deeper correction before the breakout. Potential gain above 55%.