• Return to Headlines

Ship Finance Set to Possibly Pullback After Yesterday's Rally of 2.26%

By Shiri Gupta

Ship Finance (NYSE:SFL) traded in a range yesterday that spanned from a low of $12.85 to a high of $13.13. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $13.00 on volume of 784,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 5.6%. We continue to monitor SFL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Ship Finance share prices have moved between a 52-week high of $14.85 and a 52-week low of $10.31 and are now trading 27% above that low price at $13.10 per share. The 200-day and 50-day moving averages have moved 0.03% higher and 0.06% higher over the past week, respectively.

Keywords: rebounders ship finance

Ticker(s): SFL