As a reminder, we are continuing to monitor SHIP.
Following our alert yesterday SHIP traded as high as 0.80, however was pulled down lower along with the market, ending the day at 0.725.
As a reminder, we are continuing to monitor for a breakout above and sustaining of the 20 day moving average, currently at 0.76. This would indicate a potentially very positive indicator suggestive of increased upside potential.
Keep a close watch and as always continue to follow your trading rules.
The dry bulk shipping industry has experienced its fair share of turmoil in the past few years.
However, it is our belief that this has created a potentially incredible undervalued opportunity.
Recently we alerted a new short-term trade idea, SHIP, following which many readers were able to make significant gains.
However, since then the company has retraced, unable to hold its 20 and 50 day moving averages following what appeared to be phenomenal company news.
It is our opinion that the weight of the industry as a whole has been plaguing individual shipping stocks.
We couldn’t help but ask ourselves this question: is it time to be a contrarian trader/investor?
As a reminder, when short-term sentiment changes within the dry bulk shipping industry, this is often followed by extraordinary volatility, frankly unlike any other industry we have seen.
The last time SHIP broke above its 20 and 50 day moving averages on November 14th, it rallied from 2.20 to a high of 8.65 in 2 days for upside of 293%.
While past is not prologue, judging by the short-term technicals, it appears that there is a significant opportunity for upside in SHIP.
Trade Idea: Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)
- SHIP has recently hit a low of 0.60 and has thus far confirmed this as a potential new area of support throughout the past week, rallying to yesterday’s close of 0.685.
- SHIP has a 20 day moving average of 0.768, upside potential of 12% from yesterday’s close.
- In the event that SHIP is able to surpass above the 20 day moving average and sustain it, the 50 day moving average of 0.829 presents compelling upside opportunity of 21% from yesterday’s close.
- SHIP has what appears to be a significantly undervalued RSI of 36 on the daily chart, suggestive of upside opportunity.
- SHIP has released a number of breaking developments in the past weeks and may be currently undervalued.
If you are not familiar with my trading guidelines, please read them below. These trading guidelines are designed to give you a starting point to develop your own personal trading philosophy and approach.
Since every traders/investors circumstance is different, make sure you create a personalized approach that works for you and always consult a financial adviser (not me).
Ultimate Stock Alerts
Trading Rules [Please Review Before Taking Any Action]:
- Do not invest more than you are willing to lose. No one likes to consider the worst case, but it’s always a risk that exists. Rule of thumb – if you cannot sleep at night as a consequence of your investment, then you have over invested.
- Keep calm. Do not chase. Decide for yourself if you like the trade. If you are not comfortable with the perceived risks, stay out. Timelines are to be decided by you. Approach methodically, and seek technical confirmation for direction. Always trade with a strategy in mind.
- Never use market orders. Only use buy and sell limit orders. Protecting your investment is more important than missing gains. Use “trailing stop %” or “trailing stop limit” orders. Personally I prefer mental stops while actively managing trades rather than entering your stop into your brokerage account.
- Cut losses quickly when day/swing trading. It’s better to acknowledge being wrong than to have false hope. Sometimes you will be wrong in doing so, often times it will save you. It all depends on your entry.
- Actively manage all your investments & trade during market hours only. Trading during pre/post market hours carries greater volatility/risk.
This report/release is a commercial advertisement and is for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for compensation. Never invest in any stock featured on our reports/releases unless you can afford to lose your entire investment. The track record, gains, upside or losses are all hypothetical and should not be considered as a basis for investment.
This report/release is not a solicitation or recommendation to buy securities of the advertised company. An offer to buy or sell securities can be made only by a disclosure document that complies with applicable securities laws and only in the States or other jurisdictions in which the security is eligible for sale. Reports/releases distributed through disseminated reports/released are not disclosure documents. If you are considering purchasing any securities of an advertised company, you should read and review, if and to the extent available, any information concerning a marketed company available at the web sites of the U.S. Securities and Exchange Commission (the “SEC”) at www.sec.gov;the Financial Industry Regulatory Authority (the “FINRA”) at www.FINRA.org and your State Securities Administrator. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud at www.sec.gov/consumer/cyberfr.htm, as well as related information published by the FINRA on how to invest carefully. You are responsible for verifying all claims and conducting your own due diligence.
You agree and acknowledge that any hyperlinks to the website of (1) a client company, (2) the party issuing or preparing the information for the company, or (3) other information contained in our disseminated reports/releases is provided only for your reference and convenience. We are not responsible for the accuracy or reliability of these external sites, nor are we responsible for the content, opinions, products or other materials on external sites or information sources. If you use, act upon or make decisions in reliance on information contained in any disseminated report/release or any hyperlink, you do so at your own risk and agree to hold us, our officers, directors, shareholders, affiliates and agents harmless. You acknowledge that you are not relying on us, and we are not liable for, any actions taken by you based on any information contained in any disseminated report/release or hyperlink. You also acknowledge that we are not an investment advisory service, a broker-dealer or an investment adviser. You acknowledge that you will consult with your own advisers regarding any decisions as to any company mentioned herein.
We have not determined if the statements and opinions of the message are accurate, correct or truthful. The profiles we publish are compiled from publicly available information, which include, but are not limited to, no cost online research, magazines, newspapers, reports filed with the SEC or information furnished by way of press releases. Because virtually all information relied upon by us in preparing an Issuer profile comes from a public source which has been made public directly from the Issuer, the information is not confirmed with a second source.
The purpose of this report/release, like any promotion, is to provide publicity for the client company, its products or services. Owners and operators of UltimateStockAlerts.com have been compensated twenty thousand dollars cash via bank wire, earned upon receipt, for distribution of our opinions and publicly available information for SHIP from World Wide Holdings on 4/03/17. Owners and operators of UltimateStockAlerts.com have been compensated thirty thousand dollars cash via bank wire, earned upon receipt, for distribution of our opinions and publicly available information for SHIP from World Wide Holdings on 4/6/17. Owners and operators of UltimateStockAlerts.com do not own any equity nor debt in SHIP as of 5/18/17. You should not rely on the information presented; you should do independent research to form your own opinion and decision. Information contained in our disseminated reports/releases does not constitute investment, legal or tax advice upon which you should rely. The purchase of high-risk securities may result in the loss of your entire investment. Owners and operators of UltimateStockAlerts.com own several newsletters, therefore you may receive our emails featuring companies at different times.
You are receiving this report/release because you subscribed to received it at our website or through a third party site. All of our newsletters include an “unsubscribe” link, and you can remove yourself at any time from our newsletters by clicking on that “unsubscribe” link. You can also contact us at firstname.lastname@example.org to change your information at any time. By your subscription to our profiles, the viewing of this profile and/or use of our website, you have agreed and acknowledged the terms of our full disclaimer which can be read at any time at www.UltimateStockAlerts.com/Disclaimer.
Full disclaimer can be read at www.UltimateStockAlerts.com/Disclaimer.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur. Understand there is no guarantee past performance will be indicative of future results.