|Day Low/High||0.63 / 0.68|
|52 Wk Low/High||0.52 / 16.35|
Trade-Ideas LLC identified Seanergy Maritime Holdings (SHIP) as a weak on high relative volume candidate
These stocks under $10 are poised to break out and trade higher from current levels.
Monday's stock selloff picked up speed in the final hour of trading, a warning sign that investors can expect more turmoil from Greece's debt crisis.
Greece's debt woes continue to drag markets into the red on Monday.
Seanergy Maritime Holdings (SHIP) stock is up after it reported first quarter profit soared on the sale of the company's last four vessels.
Seanergy Maritime (SHIP) soared on Thursday after the company reported its fourth-quarter earnings and posted its first profitable year since 2010. Seanergy recorded net income of $7.5 million, or 62 cents per basic and diluted share, up from a loss of $117 million, or $9.79 per basic and diluted share, in the same period one year earlier. Adjusted net income totaled $0.5 million, compared to an adjusted net loss of $8 million in the fourth quarter of the fiscal year 2012. Revenue declined 25% year over year to $6.3 million. Seanergy's Time Charter Equivalent increased 7% in the full fiscal year to $8,006 from $7,465 in 2012. Full-year net revenue dropped 58% to $23.1 million, as the company owned an average of 17.6 vessels in 2012 but just an average of 6.2 vessels in 2013.
A strong week for Star Bulk, FreeSeas, NewLead, Seanergy and Eagle Bulk could suggest a bullish outlook for shipping.
These stocks look poised to break out and trade higher from current levels.
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
Small-cap companies are on watch by the Nasdaq to be ousted in six months.
Several stocks trading near $5 were moving on above-average volume during Monday's session.
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