Navios Maritime Partners (NMM) Shares Cross Below 200 DMA

In trading on Thursday, shares of Navios Maritime Partners LP (NMM) crossed below their 200 day moving average of $14.22, changing hands as low as $13.73 per share. Navios Maritime Partners LP shares are currently trading off about 3.1% on the day. The chart below shows the one year performance of NMM shares, versus its 200 day moving average:

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Navios Maritime Partners LP 200 Day Moving Average Chart

Looking at the chart above, NMM's low point in its 52 week range is $12.01 per share, with $15.90 as the 52 week high point — that compares with a last trade of $13.91.

According to the ETF Finder at ETF Channel, NMM makes up 4.38% of the Guggenheim Shipping ETF ( SEA) which is trading lower by about 2.4% on the day Thursday.

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