Navios Maritime Holdings (NM)

Company

"Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain." (company website)

nm(4-1)
NM 4-month chart
nm(4-1)_1yr
NM 1-year chart

Buy

Navios had a big run-up before earnings, and since then it has pulled back and consolidated. After dropping to the 20-day moving average, it has begun climbing again.

  • Percentage price oscillator (PPO) — just a tad below the signal line
  • Volume — lower since profit-taking and during the pull-back

Based on technical analysis, MarketEdge calls NM a "strong buy" in a "weak upward trend."

Sell

gain Bottom line
-5%

NM was going to be lost at sea — the PPO line failed to cross above the signal line and, by yesterday, divergence was visibly greater. The likely scenario is for NM to now fall back to the 50-day moving average, and that's more than I want to put at risk.