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Ship Finance Rising Today on Above-Average Volume (SFL)

By Shiri Gupta

Shares of Ship Finance are trading up 5.8% to $13.97 today on above average volume. About 813,000 shares have been traded today, as compared to the 30-day average volume of 468,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Ship Finance on January 31st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.15. Since that recommendation, shares of Ship Finance have risen 8.8%. We continue to monitor SFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Ship Finance has traded in a range of $10.31 to $14.85 and is now at $13.93, 35% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Keywords: unusual volume ship finance

Ticker(s): SFL