Genco Shipping & Trading (GNK) NewsBite - GNK Upgraded By Dahlman Rose

Posted: Tuesday, May 19, 2009 10:52 AM EDT
By: Market Intelligence Center Staff





Genco Shipping & Trading (GNK) was upgraded today by analysts at Dahlman Rose and the stock is now at $20.14, up $1.30 (6.9%) on volume of 889,047 shares traded. The brokerage upped GNK to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $6.43 to a high of $82.90. Genco Shipping & Trading stock has been showing support around $17.79 and resistance in the $19.71 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for GNK. If you are looking for a hedged play on GNK the stock seems like it could be a candidate for a June out-of-the-money bull-put credit spread below the 17.50 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Genco Shipping & Trading (GNK) Showing Bullish Technicals But Could Fall Through $7.63 Support

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Genco Shipping & Trading (GNK) Trading Near $7.22 Support Level

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Genco Shipping & Trading (GNK) Up 1.3% Despite Dismal Market

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Genco Shipping & Trading (GNK) NewsBite - GNK Loses 2.8% After Downgrade

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Potential Genco Shipping & Trading (GNK) Trade Has 18.13% Downside Protection

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http://www.marketintelligencecenter.com/analyfav/1272982


Hedged Trade Ideas For GNK:

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