Excel Maritime Carriers (EXM) NewsBite - One of Today's Top Gainers

Posted: Wednesday, November 18, 2009 2:47 PM EDT

Excel Maritime Carriers (EXM) leads the list of top gainers so far today and is now at $8.10, up $0.75 (10.2%) on volume of 5,928,948 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.00 to a high of $11.70. Excel Maritime Carriers stock has been showing support around $6.66 and resistance in the $7.74 range. Technical indicators for the stock are neutral and S&P does not currently have a STARS rating for EXM. If you are looking for a hedged play on EXM the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 7 range. [ABR-Seven Summits Strategic Investments NewsBite]

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