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.

EDRY EuroDry

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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