# Sitting on a Cash Pile 13.0? Dry Cargo Carriers are in Demand

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Last modified: 2021-04-26

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By Paul Ebeling · 2021-04-26
Tags: Shayne Heffernan on Investments, buy, resistance, cash, support, Bullish, Paul Ebeling, shipping, Todays Trade Ideas, CPLP
Signed: no (published before platform launch).
Nothing in this article is investment advice.

[#cash](https://www.livetradingnews.com/tag/cash)[#bullish](https://www.livetradingnews.com/tag/bullish)[#buy](https://www.livetradingnews.com/tag/buy)

[$CPLP ](https://finance.yahoo.com/quote/CPLP?p=CPLP)

Capital Product Partners L.P. ([NASDAQ:CPLP](NASDAQ:CPLP)) broke out on 30 December 2020 at 7.78 and confirmed on 23 April at 12.31. Thus, garnering an LTN Cash Pile Buy rating with a 1 yr price target of 18.08/share

The consensus target is 11.88, and the final trade for Friday was 12.31 with in its 52 wk trading range of 5.48 - 12.83. The company pays a 5.28% dividend.

Key support is at 10.53 and the overhead resistance is Nil, as all of our technical indicators have turned Very Bullish long-term.

![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg)

Capital Product Partners LP is a Greek shipping company, it provides marine transportation services.

Its vessels transports a range of dry cargoes and containerized goods under short-term voyage charters, and medium to long-term time and bareboat charters. 

As of 5 March 2020, the company owned 14 vessels, including 13 Neo-Panamax container vessels and 1 capesize bulk carrier. 

Capital GP L.L.C. serves as the general partner of the company. The company was founded in Y 2007 and is HQ'd in Piraeus, Greece.

Have a healthy week, Keep the Faith!

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