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Navios Maritime Partners

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1attention Navios Maritime Partners Sun Jan 22, 2017 12:27 pm



New Trade in Bottoming Shipping Sector
Jan 21, 2017 02:11 pm
Below is a daily chart of Navios Maritime Partners L.P. (NMM), $1.72.

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Trade:  It broke out last Friday, so purchasing at current levels is fine with the posted stop.

Strategy:  After a robust breakout in the stock and sector last November, NMM retraced, and broke out from a higher-range multi-week consolidation, which is bullish.  The volume (money) coming into the stock and sector is increasing with bullish weekly and monthly charts.

  • Target:   $2.75 – $5.00
  • Stop Loss:  $1.38

Adjustments and Comments on Open Trades
PBH – Triggered long at $53.05.  Target $56-57.  Maintain stop to $51.59.
MON – Purchased at $107.25.  Acting very well and poised for an additional breakout.  Move stop to break even.

source: MasterTrader

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