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Ship Finance International Bearish Moving Average Crossover Alert (SFL)

By Amy Schwartz

Today, shares of Ship Finance International (NYSE:SFL) have fallen below their 10-day MA of $13.65 on a volume of 254K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Ship Finance International have traded between a low of $9.83 and a high of $17.80 and are now at $13.22, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Ship Finance International and will alert subscribers who have SFL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses ship finance international

Ticker(s): SFL