Aegean Marine Petroleum Networks
ANW Stock Analysis
The MFI Has settled and is attempting a breakout after bottoming.
The Force Index took the hardest hit and recovered.
The CCI Indicator implies a upward move.
The MACD Is showing bears and bulls battling it out.
The Histogram shows major activity at these levels and once the price increases sellers may come with a gradual upward travel.
Notice the low peaks forming a bottom “STOP” at those low peaks.
Price Target if successful: 2.90 – 3.10
News – Recent earnings report with a .69 loss per share
News – To make a corporate acquisition of another company.
There has to be an uptrend confirmation which is almost confirmed. It appears we have established a bottom and will recover.