Kirby Corporation, through its subsidiaries, provides marine transportation and diesel engine services primarily in the United States. Its Marine Transportation segment provides transportation services for the inland and coastal markets. This segment engages in transporting petrochemicals, black oil products, refined petroleum products, and agricultural chemicals by tank barges; and the coastal transportation of dry-bulk cargoes. The company's Diesel Engine Services segment is involved in the overhaul and repair of medium-speed and high-speed diesel engines and reduction gears; sale of related parts used in marine and power generation applications; distribution and service of high-speed diesel engines and transmissions, pumps, and compression products; and manufacture of oilfield service equipment, including hydraulic fracturing equipment used in land-based pressure pumping, oilfield service, power generation, and transportation applications. Kirby Corporation serves inland and offshore barge operators; oilfield service providers; oil and gas operators and producers; compression companies; utilities; on-highway transportation companies; marine transportation entities; the United States Coast Guard and the United States Navy; and companies associated with the agricultural markets.
To analyze Kirby's stock for potential trading opportunities, please take a look at the 1-year chart of KEX (Kirby Corporation) below with my added notations:
KEX has been trending higher nicely since June. For now, there are two key levels to watch on the stock: The $60 level (blue) was a clear resistance in October and November, broke above that level, and then it became support until May. The $55 level (red) was a brief support in May and a strong resistance in July and August. KEX is currently trading between these two levels.
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