If you are an options trader or an aggressive investor, this one is for you.
Evergreen Marine Corp., which operates the region’s second-largest container fleet, surged 39 percent last month in the top performance among members of the MSCI Asia Pacific Index. Behind the euphoria were bets that rising demand from China would spur a surge in freight rates, bolstering earnings, according to local brokerage President Capital Management. Such optimism was brief: rates fell, not rose, and the shares have tumbled 17 percent in September.Via bloomberg.com
With such fluctuation, traders should take a look at this stock for a potential trade opportunity. Be wary, as such volatility can go both ways.
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