DRYS is another one in the shipping sector I'd be watching. While not nearly as pretty as that NM chart this one is showing signs of bottoming so it could be a good opportunity to catch the initial bounce if traded with discipline. Granted it's got a shit ton of shares but it's trading under cash per share and if it starts headed higher it'll get heavy volume.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.