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24.5% Return Seen to Date on SmarTrend Nordic American Call (NAT)

By Shiri Gupta

SmarTrend identified a Downtrend for Nordic American (NYSE:NAT) on February 24th, 2017 at $8.10. In approximately 5 months, Nordic American has returned 24.52% as of today's recent price of $6.11.

Nordic American share prices have moved between a 52-week high of $14.84 and a 52-week low of $5.47 and are now trading 12% above that low price at $6.11 per share. The 200-day and 50-day moving averages have moved 0.19% lower and 1.25% higher over the past week, respectively.

Nordic American Tankers Limited is a shipping company that owns and charters tankers for oil transportation. The Company's ships are all active in the spot freight market.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Nordic American.

Log in and add Nordic American (NAT) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights nordic american

Ticker(s): NAT