Stock Chart Analysis KEX

Posted by downtowntrader | 5/22/2007 09:08:00 PM | 2 comments »

Stock Chart Analysis KEX

Kirby Corporation (Public, NYSE:KEX)

Shipping has been hot,hot,hot lately. I was looking through the sector tonight and I wonder where my head has been. Look at DRYS,TBSI,NM,OSG,TOPT when you have a chance, and you will see some major moves. While KEX hasn't had the move some of these have had, it isn't seriously overbought either. It hasn't been a major laggard either gaining a health percentage gain this year. What we have here, is a stock that cleared a major base and is now in a small consolidation. It looks like it is starting to clear this little triangle and could challenge the recent highs.

Good Trading,


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  1. Muaad // 1:03 AM  


    I hope all is well. Congrats on the new site. I just wanted to mention ERS - one you analyzed some time ago. It has recently broke the downtrend channel and is beginning to test significant resistance areas. I was fortunate enough to see this one early today and trade it below 11, and know that you have been watching this one for a while.

    Let me know what you think of the chart.


  2. downtowntrader // 9:04 AM  

    Funny you mentioned ERS as I was discussing it last night with a friend. I'm not sure how I missed it, since I've been watching it closely recently for a breakout. I like the chart here and I think it's headed much higher. I'm looking to get in on a pullback.

    Good Luck on it,