Today's trade setup is to buy Genco Shipping, symbol GNK. Buying highs and shorting lows has been hurting traders over the past few weeks and it is important to buy stocks at support and short in front of resistance levels. The stock GNK has had six down days in a row and is approaching a crucial support area on a daily chart and also is very close to the 200 day moving average at 18.41. We are looking to buy GNK at the $19.25 area for a short term target of $22.00. Set your stops right at the 200MA at 18.40. This stock is a slow mover and could take time to reach its target, so be patient.