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Navios Maritime Partners LP (NMM) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Marine Transportation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 11 Oct 2017NoneBullish EngulfingThu, 05 Oct 2017-3.76%
***Stock database and scans are updated around midnight (New York time) every trading day.
2.08 0.00 (0%) Oct 18 4:02pm EDT
Open: 2.11 Range: 2.08 - 2.13 Vol: 214.33K Avg Vol: 642.73K
EPS: -0.25 P/E ratio: 0.00 EBITDA: 104.34M Mkt Cap: 306.91M
Analyze "NMM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 2.07
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 2.11
Last Trade is above the 50 day moving average at 2.03
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.84
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of NMM

Stock Trend Analysis - Buy, Sell or Hold "Navios Maritime Partners LP" (NMM)?

NMM is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 69% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation NMM will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 1.84. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "NMM".

The analyst consensus estimates for the 1 year price target for this stock is $2.36* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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