NVGS Navigator Holdings – Bullish LPG Tankers Stock Trading At All Time Highs

by Olivier on September 14, 2014

This weekend’s bullish stock trading idea is a company that is the owner and operator of the world’s largest fleet of handysize liquefied gas carriers. Why ‘bullish’? Simple. NVGS – Navigator Holdings closed at an all time high. Volume is slowly and steadily picking up. An entry right here makes sense as the stock is not extended and is trying to break out of a sound 3 month base providing decent pattern pressure. We are starting to see bullish moving average expansion but the stock is still offering a low risk entry with a stop loss placed below the MA 50. I bought an initial position.

Click on NVGS chart to enlarge:

Always -up-to-date NVGS – Navigator Holdings chart on my public list.

This is another ‘Blue Sky Potential’ stock with no overhead resistance. So when it comes to defining price targets it is anyone’s guess how high these type of stocks can move. A close above the recent intraday highs at 30.75 will most likely spark more interest and lead to a further increase in volume coming into the stock. If that happens, this could be the beginning of a thrusting move to the upside.

NVGS – Navigator Holdings company description from Yahoo finance:

Navigator Holdings Ltd. owns and operates a fleet of gas carriers worldwide. It offers international seaborne transportation and regional distribution services of liquefied petroleum gas (LPG), petrochemical gases, and ammonia for energy companies, industrial users, and commodity traders. The company also provides dry docking services. As of December 31, 2013, it owned and operated a fleet of 23 gas carriers, including 17 semi-refrigerated vessels and 6 fully-refrigerated vessels. The company was founded in 1997 and is based in London, the United Kingdom.

I made up my mind to buy high and sell higher. – Nicolas Darvas

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