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Excel Maritime Carriers Up 9.3%, Penny Stock Attracts Attention (EXM)
[March 11, 2013]

Excel Maritime Carriers Up 9.3%, Penny Stock Attracts Attention (EXM)

Mar 11, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Excel Maritime Carriers (NYSE:EXM) is one of today's best performing penny stocks, up 9.3% to $0.71 on 2.0x average daily volume. Excel Maritime Carriers has traded 1.1 million shares thus far today, vs. average volume of 576,000 shares per day. The stock has outperformed the Dow (9.3% to the Dow's 0.1%) and outperformed the S&P 500 (9.3% 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.

Excel Maritime Carriers (NYSE:EXM) defies analysts with a current price ($0.71) 62.5% above its average consensus price target of $0.27. Excel Maritime Carriers shares have support at the 50-day moving average (MA) of $0.54 and additional support at the 200-day MA of $0.53.

In the past 52 weeks, shares of Excel Maritime Carriers have traded between a low of $0.36 and a high of $2.29 and are now at $0.71, which is 97% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 3.3%.

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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