NEW YORK (Market Intellisearch) -- In today's trading session, the shares of Navios Maritime Partners L.P. crossed below the 50-day moving average indicating a likely bearish trend. Recent activity signals that the shares may continue to head lower in the foreseeable future assuming that the moving average continues to decrease with the price of the equity. Shares of NMM are down $0.93 to $17.67 on heavier than usual volume. The intraday stock price range is between $17.51 and $17.70. The stock's 52 week low is $12.1 and the 52 week high is $20.17.
Investor expectations change with time, and they often do so abruptly. The development of resistance levels is probably the most noticeable and reoccurring event on price charts and can be triggered by fundamental changes that are above or below investor's expectations. Based on the pivot points, the current support and resistance levels for NMM are $17.55 and $17.74 respectively. If the support point price is broken in an downward movement, then the bearish trend is likely to continue and vice versa.
Navios Maritime Partners has the Highest Dividend Yield in the Marine Industry (NMM, SB, SBLK, ESEA, ISH)
Written on Sat, 10/09/2010 - 9:57am
By Chip Brian
Below are the top five companies in the Marine industry as measured by dividend yield. Dividends can enhance returns for investors seeking income in addition to capital gains.
Navios Maritime Partners (NYSE:NMM) ranks first with a dividend yield of 9.1%; Safe Bulkers (NYSE:SB) ranks second with a dividend yield of 7.5%; and Star Bulk Carriers (NASDAQ:SBLK) ranks third with a dividend yield of 7%.
Not too far behind, Euroseas (NASDAQ:ESEA) and International Shipholding (NYSE:ISH) have dividend yields of 6.1% and 5.3%, respectively.
SmarTrend is bullish on shares of ISH and our subscribers were alerted to Buy on September 02, 2010 at $25.27. The stock has risen 10.6% since the alert was issued.