Paragon Shipping was one of the better-lookign technical setups in the sector headed into this week. I went long earlier today, with the expanding buy volume on the “right side” of a long price consolidation encouraging for bulls. Note that price has held brilliantly over the $6 breakout level and has the makings of another leg higher.
Also, as a follow-up on an earlier post about the BlackBerry short squeeze potential, check out Ryan Detrick’s write-up here on why he thinks BBRY is putting in a meaningful bottom.
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Sold 1/2 of PRGN here
Seat back feet up
lol