The chart shows a symmetrical triangle shape. Diana Shipping Inc . (NYSE: It occurs when an upward trending resistance and a supportive support line are combined. It is possible for the stock to break below or above its resistance. You can learn more how to make money from this trading opportunity. Diana Shipping Inc. It operates through subsidiaries a fleet consisting mostly of dry bulk carriers, such as Panamax and Kamsarmax, Post-Panamax/Capesize, Newcastlemax vessels, and Post-Panamax. The firm offers transportation services to various commodities, including iron ore and grains, using this fleet.
Shipping has seen a boom in demand as the global economy opens up. Shipping stocks such as DSX have benefited from this. Due to the high demand in emerging markets for steel and the huge need for dry bulk shipping, this has been particularly true.
The company’s current ratio of 2.6 indicates that it has more than enough liquidity to handle short-term obligations. Analysts expect earnings growth to rise 240% in the next year. According to our POWR Ratings, this has resulted in a B Growth Grade.
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