EuroDry - All Time High
Summary
- 100% technical buy signals.
- 4 new highs and up57.59% in the last month.
- 454.04% gain in the last year.
The Barchart Chart of the Day belongs to the dry bulk shipping company EuroDry (NASDAQ: EDRY). I sorted Barchart's All-Time High list first by the highest Weighted Alpha, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy in4/21 the stock gained 111.85%.
EuroDry Ltd., through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers. As of March 31, 2021, it operated a fleet of seven drybulk carriers comprising four Panamax drybulk carriers, one Ultramax drybulk carrier, and two Kamsarmax carriers with a cargo capacity of 528,931 deadweight tons. EuroDry Ltd. was incorporated in 2018 and is based in Marousi, Greece.
Barchart technical indicators:
- 100% technical buy signals
- 372.77+ Weighted Alpha
- 454.04% gain in the last year
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 4 new highs and up 57.59% in the last month
- Relative Strength Index 79.86%
- Technical support level at 17.65
- Recently traded at 20.53 with a 50 day moving average of 11.99
Fundamental factors:
- Market Cap $49 million
- Revenue expected to grow 136.70% this year and another 13.20% next year
- Earnings estimated to increase 344.20% this year and an additional 33.10% next year
- Wall Street analysts issued 1 strong buy and 1 buy
- 2,820 investors ate monitoring the stock on Seeking Alpha
Disclosure: I/we have no positions in any stocks mentioned, but may initiate a long position in EDRY over the next 72 hours.
Disclaimer: The Barchart Chart of the Day highlights stocks ...
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