The small cap marine shipping Danaos Corporation rose with more than 20% in less than 3 months! The price per share is now $ 68, however this is only testing what was support in 2022, from below as well. Historically speaking, this current price zone, could be a resistance this year.

Since May, the shares jumped with $14. This indicates a very big demand from buyers. The stock is in an uptrend the bullish momentum is confirmed by the 20 day SMA sitting above the 50 day SMA, which is above the 200 day SMA. In early June, we noticed a very strong buying signal, Golden Cross. The market is however hot and overbought.
The fundamentals look attractive. Being a small cap stock, with a market cap of $1.35M, DAC’s sales are $1B and income is $373M. This comes to a net profit margin of 37%, or almost $4 profit per every $10 in sales! To see our anticipated price swings and potential entries, please visit our Go premium section.