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Traders Get Bullish on Shares of Excel Maritime Carriers, Shares Up 7.2% (EXM)
[March 06, 2013]

Traders Get Bullish on Shares of Excel Maritime Carriers, Shares Up 7.2% (EXM)

Mar 06, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Excel Maritime Carriers (NYSE:EXM) is one of today's best performing penny stocks, up 7.2% to $0.58 on 1.1x average daily volume. Excel Maritime Carriers has traded 638,000 shares thus far today, vs. average volume of 568,000 shares per day. The stock has outperformed the Dow (7.2% to the Dow's 0.2%) and outperformed the S&P 500 (7.2% to the S&P's 0.0%) during today's trading.

Excel Maritime Carriers Ltd. owns and operates dry bulk carrier vessels and provides worldwide sea borne transportation services for dry bulk cargo. Excel's business strategy is to expand and diversify its fleet to achieve economies of scale and marketing strength in each of the drybulk sectors in which it operates.

In the past 52 weeks, Excel Maritime Carriers share prices have been bracketed by a low of $0.36 and a high of $2.29 and are now at $0.58, 61% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.4% while the 50-day MA has advanced 0.2%.

Based on a current price of $0.58, Excel Maritime Carriers is currently 48.2% above its average consensus analyst price target of $0.30. Excel Maritime Carriers shares have support at the 200-day moving average (MA) of $0.54 and additional support at the 50-day MA of $0.54.

SmarTrend is tracking the current trend status for Excel Maritime Carriers and will alert subscribers who have EXM in their portfolio or watchlist when shares have changed trend direction.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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