Safe Bulkers: Making a Move, Up 2.6%

I’ve been blogging about Safe Bulkers Inc. for a few weeks.  They are a good high dividend stock with earning power and a strong balance.  The markets appear to be validating this fact today.

I would look to buy Safe Bulkers if the price falls back under $7.75 per share.

http://bit.ly/SB3yrChart

Disclosure: I don’t own Safe Bulkers (SB) right now.

Safe Bulkers: Making a Move, Up 2.6% (SB)

Posted on 02/14/11 at 1:08pm by Chip Brian

(via COMTEX News Network)--

Safe Bulkers (NYSE: SB) is one of today's notable stocks on the rise, up 2.6% to $9.56. The S&P is currently trading fractionally higher to 1,331 and the Dow Jones Industrial Average is trading fractionally lower to 12,264.

Safe Bulkers is in SmarTrend's Shipping & Marine Services industry and this industry is currently in an Uptrend according to our research. We are monitoring many other stocks on the move within this industry.

In the last five trading sessions, the 50-day MA has climbed 1.29% while the 200-day MA has risen 0.3%.

In the past 52 weeks, shares of Safe Bulkers have traded between a low of $6.50 and a high of $9.39 and are now at $9.56, which is 47% above that low price.

SmarTrend currently has shares of Safe Bulkers in an Uptrend and issued the Uptrend alert on July 30, 2010 at $7.71. The stock has risen 20.9% since the Uptrend alert was issued.

Write to Chip Brian at cbrian@tradethetrend.com

Link to the original article: http://bit.ly/SBwayup

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