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!

The information contained here was gathered from sources deemed reliable, however, no claim is made as to its accuracy or content. This does not contain specific recommendations to buy or sell at particular prices or times, nor should any of the examples presented be deemed as such. There is a risk of loss in trading futures and futures options and you should carefully consider your financial position before making any trades. Stock, futures and options trading carries significant risk and you can lose some, all or even more than your investment.