"Excel Maritime Carriers (EXM) was upgraded today by analysts at Oppenheimer and the stock is now at $5.83, up $.02 (0.34%) on volume of 2,188,984 shares traded. The brokerage upped EXM to Outperform from Perform. Over the last 52 weeks the stock has ranged from a low of $4.83 to a high of $11.70. Excel Maritime Carriers stock has been showing support around $4.85 and resistance in the $7.11 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for EXM. If you are looking for a hedged play on EXM the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 5 range.
ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/c?EXM for our free Excel Maritime Carriers (EXM) Stock Report - See what our analyst have uncovered about this company."
they have a price target of $8 fwiw
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