20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Gener8 Maritime, Inc. GNRT was a big mover last session, as the company saw its shares rise almost 15% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $4.84 to $5.47 in the past one-month time frame.
None of the estimates for this stock were revised in the last 30 days and the Zacks Consensus Estimate also remained unchanged. Friday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Currently, Gener8 Maritime carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Navios Maritime Partners L.P. NMM, flaunting a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks #1 Rank stocks here.
Is GNRT going up? Or down? Predict to see what others think: Up or Down
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Navios Maritime Partners LP (NYSE:NMM): Free Stock Analysis Report
Gener8 Maritime, Inc. (NYSE:GNRT): Free Stock Analysis Report
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Zacks Investment Research
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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