Rand Logistics, Inc. (RLOG) is up this morning and looking strong

Shares of [finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) are currently up by more than [finviz_code ticker=RLOG item=60 value=”0.00%”] from the open today and are trading at $[finviz_code ticker=RLOG item=65 value=”0.99″]. More than [finviz_code ticker=RLOG item=67 value=”0″] shares have exchanged hands compared to an average trading volume of [finviz_code ticker=RLOG item=63 value=”717.46K”]. At the current pps, the market cap stands at $[finviz_code ticker=RLOG item=6 value=”18.07M”]. The stock prices of [finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) are currently trading at [finviz_code ticker=RLOG item=57 value=”-66.44%”] below its 52 week high and [finviz_code ticker=RLOG item=58 value=”45.57%”] above its 52 week low.

[finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) has been in the news for all the right reasons. Recently, [finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) announced Operating Income for the Quarter increased 67.7% to $5.2 million

Net Loss for the Quarter was reduced by 85.7% to $0.6 million

EBITDA increased $2.4 million, or 26.7%, to $11.4 million

Rand Logistics, Inc. (NASDAQ:RLOG) (“Rand”), a leading provider of bulk freight shipping services throughout the Great Lakes region, today announced its financial results for the fiscal year 2017 third quarter ended December 31, 2016.

Quarter Ended December 31, 2016 Versus Quarter Ended December 31, 2015 Read More!

[finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) is all set to announce its earnings on [finviz_code ticker=RLOG item=68 value=”Feb 13/a”]. As per Zack’s analyst ratings, [finviz_code ticker=RLOG item=2 value=”Rand Logistics, Inc.”] (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) currently has an average brokerage rating of [quandl_code ticker=RLOG item=ZAR|RATING_MEAN value=””]. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:[finviz_code ticker=RLOG item=1 value=”RLOG”]) is $[quandl_code ticker=RLOG item=ZAR|TP_MEAN_EST value=””] with a high of $[quandl_code ticker=RLOG item=ZAR|TP_HIGH_EST value=””] and a low of $[quandl_code ticker=RLOG item=ZAR|TP_LOW_EST value=””].

Let’s take a look at the technical analysis.

[intr_chart ticker=RLOG src=”http://www.financialstrend.com/wp-content/uploads/2017/02/25566-RLOG1.png”]

[intr_bto ticker=RLOG content=”ICAgIFRoZSBCYXJjaGFydCBUZWNobmljYWwgT3BpbmlvbiByYXRpbmcgaXMgYSAxMDAlIEJ1eSBhbmQgcmFua3MgaW4gdGhlIFRvcCAxJSBvZiBhbGwgc2hvcnQgdGVybSBzaWduYWwgZGlyZWN0aW9ucy4gICAgIExvbmdlciB0ZXJtLCB0aGUgdHJlbmQgc3RyZW5ndGggaXMgU3Ryb25nLiAgIExvbmcgdGVybSBpbmRpY2F0b3JzIGZ1bGx5IHN1cHBvcnQgYSBjb250aW51YXRpb24gb2YgdGhlIHRyZW5kLiAgICAgVGhlIG1hcmtldCBpcyBhcHByb2FjaGluZyBvdmVyYm91Z2h0IHRlcnJpdG9yeS4gQmUgd2F0Y2hmdWwgb2YgYSB0cmVuZCByZXZlcnNhbC4gICAg”]

The The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oid prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). [ema_code ticker=RLOG color=blue value=0.94|0.91].

The relative strength index (RSI) is a momentum osciallator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). [rsi_code ticker=RLOG color=blue value=60.90]

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Brandon Manns

Brandon Manns

We have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. Compensation read disclaimer.
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