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Genco Shipping & Trading Ltd Breaks Above 200-Day Moving Average - Bullish for GNK

By Market News Video Staff, Friday, October 14, 11:35 AM ET
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In trading on Friday, shares of Genco Shipping & Trading Ltd (GNK) crossed above their 200 day moving average of $9.02, changing hands as high as $9.24 per share. Genco Shipping & Trading Ltd shares are currently trading up about 5.5% on the day. The chart below shows the one year performance of GNK shares, versus its 200 day moving average:

Genco Shipping & Trading Ltd 200 Day Moving Average Chart

Looking at the chart above, GNK's low point in its 52 week range is $4.15 per share, with $18.08 as the 52 week high point that compares with a last trade of $9.14.

According to the ETF Finder at ETF Channel, GNK makes up 2.06% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading higher by about 0.7% on the day Friday.

See what other ETFs contain GNK
See what other stocks are held by SEA

GNK operates in the Shipping sector, among companies like NewLead Holdings Ltd. (NEWL), and Trailer Bridge Inc. (TRBR).


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Genco Shipping & Trading Ltd Breaks Above 200-Day Moving Average - Bullish for GNK | Market News Video | Copyright © 2008 - 2014, All Rights Reserved

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