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COSTAMARE INCCOSTAMARE INCCOSTAMARE INC

COSTAMARE INC

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LCM trade ideas

CMRE: Looking to Bullishly Breakout with the Dry Bulk IndexCostamare has a history of following the moves of the Baltic Dry Index which tracks the charter rates of various different Dry Bulk Ships and recently we've seen BDRY (the ETF that tracks the BDI) double in value and it has taken many marine shippers up with it but CMRE despite trading at good valuations is yet to move out of its trading range which is typical for this stock as it usually moves just a bit slower than the BDI. When comparing the two you can see the BDI has already broken out and is heading for the highs but CMRE has not made any meaningful moves up, however it is attempting a breakout with some hidden bullish divergence it formed at the previous support and is now above the 55 and 200 week moving averages. If it follows the move the BDI has made we could see CMRE come up to test the 61.8% Retrace at $16.62 or the 0.886 at $22.45 at this point in time that would open up the possibility of an ABCD move being completed to the upside that could lead it all the way up to $38.40. I will leave below some Related Ideas within the sector and the chart of the Baltic Dry Index ETF (BDRY)
NYSE:CMRELong
by RizeSenpai
3
$CMRE:NYSE - COSTAMARE INC - Containership CharterCOSTAMARE has had a good run over the last 3 months and is back at a previous resistance area with a couple of levels of support below. Currently trading at $8.40. If it pushed $8.50 I'd be quite interested. Could be worth a look. Costamare Inc. (Costamare) is a holding company. The Company is an international owner of containerships. The Company is engaged in chartering its vessels to various liner companies. The Company provides marine transportation services around the world by chartering its container vessels to liner operators under long, medium and short-term time charters. As of March 10, 2017, the Company had a fleet of 69 containerships with a total capacity of approximately 456,000 TEU, including five newbuilds on order. The Company's fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.
NYSE:CMRELong
by zAngus