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Baltic Trading Limited (BALT) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Marine Transportation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Jul 2015Bearish EngulfingBearish EngulfingTue, 14 Jul 20150%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.50 0.00 (0%) Jul 17 4:06pm EDT
Open: N/A Range: N/A Vol: 0K Avg Vol: 441.16K
EPS: -1.05 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "BALT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.52
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 1.55
Last Trade is below the 50 day moving average at 1.52
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 2.10
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BALT

Stock Trend Analysis - Buy, Sell or Hold "Baltic Trading Limited" (BALT)?

BALT is in a very strong downtrend. For the last 52 weeks, BALT has maintained to stay firmly below the 200 day moving average for 98% of the time. Rallies will be sold into until the downtrend reverses. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is also in a trading range with a slight bullish bias. BALT may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a strong long term downtrend with the 200 SMA currently at 2.10. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BALT".

The analyst consensus estimates for the 1 year price target for this stock is $2.26* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Jul 2015

News on "BALT" Stock

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