After looking at the investor presentation, earnings report., combined with the oversold technicals on the weekly charts, I am looking to add more for a swing bounce trade. Best of luck to all investors and traders.
Today, Thursday, June 18 2015, the Baltic Dry Index climbed by 48 points, reaching 773 points.
Baltic Dry Index (BDI) is a measure of the cost of shipping all over the world for dry bulk cargo. It is calculated daily by the London-based Baltic Exchange, based on the current freight rates.