Bulk Up Your Portfolio With SB
by Sam Collins 11/19/09
Free Trading Guides
Safe Bulkers Inc. (SB) -- This company is an international provider of marine dry bulk transportation services with cargoes including coal, grain and iron ore.
SB has been consolidating in a broad cup-and-handle formation since last November. But now, with Baltic dry bulk shipping rates going up, the stock has broken from the bullish formation with a trading target of $12.
This could be a volatile investment, so stop-losses should be placed at just under $8 to protect against a reversal.
SB pays a quarterly dividend of 15 cents per share (6.3% annualized).
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