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Can The Uptrend Continue for Genco Shipping & Trading (GNK)?

Zacks Equity Research
Updated

Investors certainly have to be happy with Genco Shipping & Trading Limited GNK and its short term performance. After all, the stock has jumped by 25% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for GNK?

While we can never know for sure, it is pretty encouraging that estimates for GNK have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.You can seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Genco Shipping & Trading Limited Warrants Expiring 12/31/2021 (GNK): Free Stock Analysis Report
 
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Zacks Investment Research