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Stock to Watch: Excel Maritime Carriers Up 26.1% (EXM)
[May 16, 2013]

Stock to Watch: Excel Maritime Carriers Up 26.1% (EXM)

May 16, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Excel Maritime Carriers (NYSE:EXM) is one of today's best performing penny stocks, up 26.1% to $0.53 on 1.4x average daily volume. Excel Maritime Carriers has traded 1.7 million shares thus far today, vs. average volume of 1.2 million shares per day. The stock has outperformed the Dow (26.1% to the Dow's -0.0%) and outperformed the S&P 500 (26.1% to the S&P's -0.1%) during today's trading.

Excel Maritime Carriers (NYSE:EXM) defies analysts with a current price ($0.53) 38.6% above its average consensus price target of $0.32. Excel Maritime Carriers shares should first meet resistance at the 200-day moving average (MA) of $0.55 and find additional resistance at the 50-day MA of $0.67.

Excel Maritime Carriers share prices have moved between a 52-week high of $1.44 and a 52-week low of $0.36 and are now trading 47% above that low price at $0.53 per share. The 200-day and 50-day moving averages have moved 0.01% higher and 0.86% lower over the past week, respectively.

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.

SmarTrend recommended that its subscribers protect gains by selling shares of Excel Maritime Carriers on April 16th, 2013 by issuing a Downtrend alert when the shares were trading at $0.81. Since that call, shares of Excel Maritime Carriers have fallen 47.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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