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 $14.18, changing hands as low as $13.84 per share. Navios Maritime Partners LP shares are currently trading down about 2.6% 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 $13.98.

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 0.7% on the day Thursday.
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