[November 16, 2011] Hot Stock: Paragon Shipping, Shares Drop 2.5% (PRGN) Tweet Nov 16, 2011 (SmarTrend(R) Spotlight via COMTEX) -- Paragon Shipping (NASDAQ:PRGN) is one of today's worst performing penny stocks, down 2.5% to $0.85 on 0.9x average daily volume.Thus far today, Paragon Shipping has traded 206,000 shares, vs. average volume of 228,000 shares per day. The stock has underperformed the Dow (-6.3% to the Dow's -0.1%) and underperformed the S&P 500 (-6.3% to the S&P's -0.1%) during today's trading. Paragon Shipping share prices have moved between a 52-week high of $3.90 and a 52-week low of $0.66 and are now trading 28% above that low price at $0.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 2.2%. Paragon Shipping Inc. provides drybulk shipping services worldwide. SmarTrend is monitoring the recent change of momentum in Paragon Shipping. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Paragon Shipping in search of a potential trend change. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]