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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.

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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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