Sunday, September 15, 2013

Shipping stocks are breaking to the upside

Shipping stocks are breaking to the upside! Why? Supposed the global recovery is really in place, and therefore increased trade.

Look at these:
Diana Shipping (NYSE) 
On a firm uptrend since Jan 2013. Strongest of the lot.

Dryships(Nasdaq)
               
On an uptrend since last month. Definitely on  my watchlist.


Knightsbridge(Nasdaq)

On an uptrend since April. Worth watching.


The locals seem to be following suit.

Yangzijiang (SGX)
It is breaking out to the upside. Watchlist


NOL (SGX)
The weakest of the lot, but also gathering pace to break out on the upside. I already own this counter, and am hoping to get a nice ride on this one.

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