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small-cap

One NASDAQ-Listed Marine Stock at Resistance Level: StealthGas Inc

May 21, 2024 | Team Kalkine
One NASDAQ-Listed Marine Stock at Resistance Level: StealthGas Inc

GASS:NASDAQ
Investment Type
Small-Cap
Risk Level
Action
Rec. Price (US$)

StealthGas Inc

Company Overview: StealthGas Inc. (NASDAQ: GASS) is a provider of international seaborne transportation services to liquefied petroleum gas (LPG) producers and users, as well as crude oil and product carriers to oil producers, refineries and commodities traders. The Company owns a fleet of LPG carriers. Its LPG carriers carry various petroleum gas products in liquefied form, including propane, butane, butadiene, isopropane, propylene and vinyl chloride monomer, which are all byproducts of the production of crude oil and natural gas.

As per our previous US Daily report published on ‘GASS’ on 01st May 2024, Kalkine provided an ‘Buy’ stance on the stock at USD 6.12 based on “price action, recent key business and financial updates, momentum in the stock over the last month, and technical indicators analysis and the stock price has now moved by ~  21.7% since then and has attained resistance 1 and resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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