NM is a shipping stock that might set sail if it can make a sustained breakout above this large triangle pattern (shown on the 2-day period chart below).  The weekly chart shows that in mid Sept, prices broke above a longer-term downtrend line dating back to the 2007 bull market highs and prices have been back-testing that trendline since.  My preference would be to see at least 1.5x average volume on any intraday breakout of the daily/2-day triangle pattern or solid close above but to keep it simple, NM will trigger a long entry on a break above of the daily/2-day pattern.  Targets marked on chart, stops TBD upon entry.  I would consider beta-adjusting this position down to about 0.5 to 0.7 if you decide to take it (with 1.0 being your average position size).