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Daily Stock Picks August 22nd 2013 (NYSE:SB)

Daily_stock_picks_Safe_Bulkers,_Inc.nyse_sb

Safe Bulkers, Inc. (NYSE:SB) is an international provider of marine dry bulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes currently trading on the New York Stock Exchange at $5.77 a share. We like this stock as a intraday day trade for August.22nd due to its second quarterly earning report which was released today as well as its daily range, which tend to move within the 10-15 cent range on a daily basis. We plan to buy shares of  Safe Bulkers, Inc. (NYSE:SB) on the pre-market at $5.77 per share with a closing target of $5.85, with its daily range history as well as second quarterly earnings just released this stock is bound to spike within the a few minutes of the morning market and are confidant we can grab up at least 8 cents a share in profits.

Update!

Ending up selling at 5.86 after trailing it up making a nice profit and hoped most of you made some cash!

Colin Macleod

Colin Macleod is a Professional Equities, Options, Futures, Momentum Day Trader & Entrepreneur.

Colin Macleod – who has written posts on Stock Market Basics.