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OMI Logs Up Session For Fifth Straight Day.(B)(NYSE STOCKS IN THE NEWS)
Byline: Nancy Gondo
OMI Corp. rose to an all-time high Nov. 29 on heavy volume. After hitting a new closing high the next session on bigger turnover, it pulled back to shape the left side of a base. The stock corrected up to 31% from the base's top to bottom, within average range. It found support above its 200-day and logged five straight up sessions to get near its 50-day.
The oil transporter grew revenue and profit more than 25% the past seven quarters, helping it earn the second best Stock Checkup Fundamental Rank in its 28-stock Transportation-Ship group. The group was at No. 49 in Monday's issue vs. No. 2 three months ago as some of ...
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