ZIM Integrated Shipping Services Ltd. (ZIM) provides container shipping and related services in Israel and internationally.
The company provides seaborne transportation and logistics services comprising dry, reefer, project, out of gauge, breakbulk, and dangerous cargo services; inland transport services; and ZIMonitor, a reefer cargo tracking service.
As of March 31, 2021, it operated a fleet of 101 vessels with a global network of 69 weekly lines.
On August 18th, Zim Integrated Shipping Services (ZIM) reported 2nd Quarter June 2021 earnings of $7.38 per share on revenue of $2.4 billion. The consensus earnings estimate was $5.71 per share on revenue of $1.8 billion. Since then shares are attempting to breakout of their bullish "cup and handle." Please note that this company has been in business since 1945 but it is a recent IPO.
Entry Point: $49.00
Stop Loss: $46.50
Trading Range: $11.34 to $52.85
Target Pirce: $54.00
Taking profits at $53.50.