[Opening Position in Navios Maritime (NM)]
Dear Member:
Navios Maritime (NM)is trending up off a recent bottom and DMI has just had a positive crossover. MACD has also turned positive. The company has been paying a dividend with a yield around 2.5% and I would expect another dividend announcement fairly soon. I am placing an order to buy shares at a limit of $10.90. If filled, the initial exit if I am wrong about the direction would be a close below the recent uptrend line.
DISCLOSURE: At the time of publication, I have no position in NM.
Sincerely,
Bill Kraft
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