Navios Maritime Holdings (NM) is the Chart of the Day. The seaborne shipping and logistics company is up over 111.96% in the last 12 months. The stock has both a Trend Spotter buy signal and 100% technical buy signals.
Article:
The Chart of the Day is Navios Maritime Holdings (NM). The stock was right near the top of the New High List after sorting for frequency. In the last 6 months the stock advance in 30 session for a gain of 69.36%.
It is a seaborne shipping and logistics company engaged in the transport and transshipment of drybulk commodities including iron ore, coal and grain. It operates in three segments: Drybulk Vessel Operations, Tanker Vessel Operations and Logistics Business. The Company also engages in operating ports and transfer station terminals and handles vessels, barges, and push boats, as well as operates upriver transport facilities in the Hidrovia region.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 20.38% in the last month
- Relative Strength Index 66.70%
- Barchart computes a technical support level at 6.52
- Recently traded at 6.91 with a 50 day moving average of 5.82
Fundamental factors:
- Market Cap $713.39 million
- Revenue projected to grow 7.60% next year
- Earnings estimated to increase 125.60% next year and continue to increase annually at the rate of 16.00% for the next 5 years
- Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation
Because this is an earnings turnaround situation watch the moving averages for signals of weakness.
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