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Ardmore Shipping Shares Down 24.2% Since SmarTrend's Sell Call (ASC)

By Nick Russo

SmarTrend identified a Downtrend for Ardmore Shipping (NYSE:ASC) on July 29th, 2019 at $7.52. In approximately 2 weeks, Ardmore Shipping has returned 24.20% as of today's recent price of $5.70.

In the past 52 weeks, shares of Ardmore Shipping have traded between a low of $4.22 and a high of $8.77 and are now at $5.67, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.8%.

Ardmore Shipping Corp is engaged in the ownership and operation of product and chemical tankers in worldwide trade. The Company provides shipping services to customers through voyage charters, commercial pools and time charters.

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

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

Keywords: spotlights ardmore shipping

Ticker(s): ASC