Navios Maritime Acquisition Corporation (NNA)

Trade Setup

Navios Maritime Acquisition Corporation provides marine transportation services worldwide. The company owns a fleet of crude oil, refined petroleum product, and chemical tankers. The company charters its vessels to oil companies, refiners, and large vessel operators. As of March 5, 2020, its fleet consisted of a total of 46 double-hulled tanker vessels aggregating approximately 5.7 million deadweight tons, which included 13 very large crude carrier tankers, ten Long Range 1 product tankers, 18 Medium Range 2 product tankers, three Medium Range one product tankers, and two chemical tankers. 

Stocks found in the category TradersPro New Uptrend are low priced stocks priced between .20 and $7, with at least 50k shares of average shares trading per day.   The stocks are starting new uptrends and have buy signals.  These are high reward to risk stocks with the potential for very sharp moves.  A stop should be maintained at the low of the most recent hold signal day.   Target prices for exits can be determined by using the next level of resistance higher or by using Fibonacci resistance levels found using TradersPro. Trailing stops or letting the stock run until the next sell signal is also a sell strategy.

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