Costamare (CMRE) hits new 52-week high with strong technical momentum. Shares up 30% in last month. Analysts mixed, but Morningstar sees 19% undervaluation. Valued at $1.9 billion, CMRE is a containership owner with a 100% “Buy” opinion. Provides shipping services and headquartered in Athens, Greece.

CMRE has Weighted Alpha of +49.62, Trend Seeker “Buy” signal intact. Stock gained 21.97% in past year, traded at $16.08 with 50-day moving average of $12.95. Made 15 new highs and gained 29.53% in last month. Revenue projected to decrease 42.39% this year.

Wall Street not impressed with CMRE, but individual investors like it. Analysts issue 2 “Hold” opinions with price targets. Value Line rates it “Above Average,” CFRA’s MarketScope Advisor rates it a “Buy.” Morningstar sees 19% undervaluation. 134 Motley Fool investors bullish, 23 bearish. Seeking Alpha rates it “Strong Buy.”

Costamare has over $2.5 billion in multi-year backlog orders, making the 2.87% dividend safe. Keep stop losses in place. Chart of the Day by Jim Van Meerten highlights CMRE’s exceptional price appreciation. Be cautious with volatile and speculative stocks. Jim Van Meerten does not hold positions in mentioned securities.

Read more at Yahoo Finance: This Shipping Stock Has Set 15 New Highs This Month