Trade Idea - ESEA
Wednesday, May 30, 2007
Shares of EUROSEAS LTD were up nearly 18% today closing at 12. 73 new 52 week high, after company said Tuesday that first-quarter profit more than doubled on a big boost in the average amount a vessel earned per day. For the quarter ended March 31, net income jumped to $9.5 million, or 58 cents per share, from $3.4 million, or 28 cents per share in the prior year period. Looking at the daily chart stock is now in a Breakout mode, after broken an important resistance at 11.89 to a new year high. So, keep an eye in this baby.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical examples.
Labels: ESEA