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  GE Shipping   (Stocks)  
should reach 400 levels in two
Baltic Dry Index

The Baltic Dry Index is a measure of the international price for sending commodities by sea. It is calculated by combining the price of different shipping sizes for dry commodities. Commodities include, metals, grains, crude oil.

there has been sudden surge in shipping rates and now BDI is well above 50 dma and 200 dma. This is certainly good news for shipping companies.




Since, Baltic Dry Index is based on true shipping costs, it inspires more confidence that things are moving on ground oops sea; and there is global trade that is happening at relatively better pace.

Shipping stocks got hammered pretty badly in current market decline. But assuming, that our markets might settle down, considering global setup - Will shipping stocks make a comeback? GE Shipping stock is right at 200 dma.



GE Shipping during current stock market correction tanked to 200 dma; and in last couple of days has bounced back. The stock looks good for strong run-up if broader market holds up. The stop loss for this trade now should be below 200 dma (232) and target = 280+		   
Posted By     thega

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