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Ship Finance International Bullish Moving Average Crossover Alert (SFL)

By James Quinn

Today, shares of Ship Finance International (NYSE:SFL) have crossed bullishly above their 10-day moving average of $14.64 on a volume of 1.0 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Ship Finance International share prices have been bracketed by a low of $9.83 and a high of $17.80 and are now at $14.79, 50% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.

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