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Nordic American Shares Down 37.9% Since SmarTrend's Sell Call (NAT)

By Amy Schwartz

SmarTrend identified a Downtrend for Nordic American (NYSE:NAT) on February 24th, 2017 at $8.10. In approximately 6 months, Nordic American has returned 37.86% as of today's recent price of $5.03.

Over the past year, Nordic American has traded in a range of $4.41 to $14.84 and is now at $5.03, 14% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has slid 0.2%.

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