• Return to Headlines

Shares of Scorpio Tankers Fall Below Previous 52-Week Low

By Shiri Gupta

Scorpio Tankers (NYSE:STNG) traded today at a new 52-week low of $1.50. This new low was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 4.4 million shares.

In the past 52 weeks, shares of Scorpio Tankers have traded between the current low of $1.50 and a high of $3.70 and are now at $1.50. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 1%.

Scorpio Tankers Inc. is a shipping company. The Company provides seaborne transportation of crude oil and other petroleum products worldwide.

There is potential upside of 190.3% for shares of Scorpio Tankers based on a current price of $1.50 and an average consensus analyst price target of $4.36. Scorpio Tankers shares should first meet resistance at the 50-day moving average (MA) of $1.93 and find additional resistance at the 200-day MA of $2.39.

SmarTrend recommended that its subscribers protect gains by selling shares of Scorpio Tankers on July 16th, 2018 by issuing a Downtrend alert when the shares were trading at $2.56. Since that call, shares of Scorpio Tankers have fallen 40.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows scorpio tankers

Ticker(s): STNG