( Yesterday close ) Chart courtesy of stockcharts

Excel Maritime Carriers shares were up yesterday more than one percent to $37.46 with 1.2 million of shares changing hands. Stock is in a clear uptrend after January lows, testing now its 200-day moving average around $40.20. It will be very interesting to know if stock will have strength enough to close above this strong resistance. So, keep an eye on EXM, for a possible breakout above this level. Closing above the 200 dma would be considered bullish. Stay tuned.

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