Monday, 23 December 2013

DRYS, DSX, NAT - Shippers cruising higher

Whilst the broader market continues to climb, the shippers are finally starting to join the party. With the BDI set for the 3000s in early 2014, stocks like DRYS, DSX, and NAT, all look set for further very significant gains into the spring.

DRYS, weekly

DSX, daily

NAT, daily


*first, an update on the BDI, which is of paramount importance for those watching the shipping stocks...

BDI, monthly, 7yr

My BDI target for the spring is 3000/3500. If that is the case, I'd have to expect a stock like DRYS to be somewhere in the $5-6 zone. Certainly though, the 7s look...difficult.

As for DSX and NAT, they are clearly already starting to build strong gains to conclude the year, and will surely keep on pushing higher, into mid January..and more broadly..into the late spring.