• Return to Headlines

Seaspan Falling Today on Above-Average Volume (SSW)

By Shiri Gupta

Shares of Seaspan are trading down 2.9% to $5.76 today on above average volume. About 355,000 shares have been traded today, as compared to the 30-day average volume of 280,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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 38.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Seaspan share prices have moved between a 52-week high of $20.87 and a 52-week low of $5.02 and are now trading 15% above that low price at $5.76 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

Keywords: unusual volume seaspan

Ticker(s): SSW