Wall Street Fundamentals Releases New In-Depth Stock Reports on BALT, FRO, NAT and PRGN


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Companies Mentioned

NYSE:BALT / NYSE:FRO / NYSE:NAT / NASDAQ:PRGN
01/16/2014 [ACCESSWIRE]

Dry-bulk shipping companies, such as DryShips and Eagle Bulk, surged Wednesday as the Baltic Dry Index rose for the first time in 2014. The Guggenheim Shipping ETF (NYSEARCA: SEA) gained 0.93 percent to close at $21.78, up approximately 26.0 percent in the past year. The Baltic Dry Index, a measure of costs to ship dry-bulk commodities such as grain, coal and iron ore, increased by 4 points to 1,374. Here is how some shipping stocks reacted Wednesday:

Baltic Trading Ltd. (NYSE: BALT) shares traded in the range of $6.02 to $6.28 Wednesday before settling to close at $6.23, an increase of 2.47 percent. The stock appears to be facing some resistance at $6.86 with some support at the $6.16 and $5.93 levels. Shares of Baltic Trading have gained approximately 84.0 percent in the past year.

More information on Baltic Trading and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/BALT

Frontline Ltd. (NYSE: FRO) shares traded in the range of $4.46 to $4.86 Wednesday before settling to close at $4.77, an increase of 7.92 percent. The stock appears to be facing some resistance at $4.82 with some support at the $3.91 and $3.78 levels. Shares of Frontline have gained approximately 35.0 percent in the past year.

More information on Frontline and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/FRO

Nordic American Tanker Ltd. (NYSE: NAT) shares traded in the range of $9.81 to $10.19 Wednesday before settling to close at $10.03, an increase of 2.03 percent. The stock appears to be facing some resistance at $10.27 with some support at the $9.73 and $9.34 levels. Shares of Nordic American Tanker have gained approximately 10.0 percent in the past year.

More information on Nordic American Tanker and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/NAT

Paragon Shipping Inc. (NASDAQ: PRGN) shares traded in the range of $7.12 to $7.52 Wednesday before settling to close at $7.33, an increase of 3.09 percent. The stock appears to be facing some resistance at $7.51 with some support at the $7.07 and $6.64 levels. Shares of Paragon Shipping have gained approximately 85.0 percent in the past year.

More information on Paragon Shipping and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PRGN

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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