Best Stocks To Invest In Right Now

Best Stocks To Invest In Right Now: Seanergy Maritime Holdings Co rp (SHIP)

Seanergy Maritime Holdings Corp., through its subsidiaries, provides seaborne transportation of dry bulk commodities. As of May 7, 2013, the company's fleet consisted of 7 drybulk carriers, including 2 Panamax, 2 Supramax, and 3 Handysize vessels with a total carrying capacity of approximately 326,255 dwt. Its fleet carries various dry bulk commodities, including coal, iron ore, and grains, as well as bauxite, phosphate, fertilizer, and steel products. Seanergy Maritime Holdings Corp. was founded in 2008 and is based in Athens, Greece.

Advisors' Opinion:

• [By Roberto Pedone]

  Another stock that looks poised to trigger a near-term breakout trade is Seanergy Maritime (SHIP), which provides transportation solutions in the dry bulk shipping sector through its vessel-owning subsidiaries for a range of dry bulk cargoes, including coal, iron ore, and grains, bauxite, phosphate and steel products. This stock has been red hot so far in 2013, with shares up a whopping 63%.

  If you take a look at the chart for Seanergy Maritime, you'll notice that this stock has just started to spike back above both its 50-day and 200-day moving averages with above-average volume. In fact, volume for SHIP over the last few weeks has been showing bullish flows as the stock has flirted with those key moving averages. This move is quickly pushing shares of SHIP within range of triggering a near-term breakout trade.

  Traders should now look for long-biased trades in SHIP if it manages to break out above some near-term overhead resistance at $1.74 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action 12,297 shares. If that breakout hits soon, then SHIP will set up to re-test or possibly take out its next major overhead resistance! levels at $2.06 to $2.09 a share. Any high-volume move above those levels will then put $2.19 to its 52-week high at $2.71 into range for shares of SHIP.

  Traders can look to buy SHIP off any weakness to anticipate that breakout and simply use a stop that sits right below its 50-day at $1.44 a share. One could also buy SHIP off strength once it takes out $1.74 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.

• [By Rebecca McClay]

  And dry bulk shippers like FreeSeas Inc. (Nasdaq: FREE), Seanergy Maritime Holdings Corp. (Nasdaq: SHIP), and Eagle Bulk Shipping Inc. (Nasdaq: EGLE) are noting big gains today as shipping rates strengthen. FREE is up 8%, SHIP is up 13%, and EGLE is up 7% as capesize shipping rates increased overnight by about 10%, exceeding $20,000 for the first time since January 2012.

source from Top Stocks For 2015:http://www.topstocksblog.com/best-stocks-to-invest-in-right-now-5.html