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Seaspan Falling Today on Above-Average Volume (SSW)

By David Diaz

The price of Seaspan shares has slipped to $6.72 (a 2.9% change) on heavy trading volume. About 422,000 shares have been traded today, as compared to the 30-day average volume of 280,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Seaspan on January 31st, 2017 by issuing a Downtrend alert when the shares were trading at $9.61. Since that call, shares of Seaspan have fallen 28.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, shares of Seaspan have traded between a low of $6.60 and a high of $20.87 and are now at $6.75, which is 2% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has remained constant.

Keywords: unusual volume seaspan

Ticker(s): SSW