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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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This Article's Word Cloud:   AMEX   Above   According   Average   Call   Channel   Definition   ETFs   Earnings   Friday   Genco   Investment   Moving   Portfolio   Relevant   Shipping   TRBR   Trading   What   about   above   allows   among   asset   average   chart   companies   completely   currently   designed   growth   hands   high   moving   operates   other   performance   point   portfolio   range   raquo   share   shares   short   stocks   terms   trading   week   what   with
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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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