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Ship Finance International Bearish Moving Average Crossover Alert (SFL)

By Amy Schwartz

Ship Finance International (NYSE:SFL) shares have crossed bearishly below their 10-day moving average of $15.59 on a volume of 318K 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.

Ship Finance International share prices have moved between a 52-week high of $17.80 and a 52-week low of $9.83 and are now trading 55% above that low price at $15.28 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 1.42% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ship Finance International on February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.56. Since that recommendation, shares of Ship Finance International have risen 27.6%. We continue to monitor SFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ship finance international

Ticker(s): SFL