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Seaspan Shares Down 27.2% Since SmarTrend's Sell Call (SSW)

By Shiri Gupta

SmarTrend identified a Downtrend for Seaspan (NYSE:SSW) on April 1st, 2016 at $17.60. In approximately 7 months, Seaspan has returned 27.16% as of today's recent price of $12.82.

Over the past year, Seaspan has traded in a range of $12.56 to $20.87 and is now at $12.82, 2% above that low. The 200-day and 50-day moving averages have moved 0.33% lower and 0.13% lower over the past week, respectively.

Seaspan Corp. operates a fleet of containerships. The Company's ships are chartered to customers on a long-term fixed-rate basis.

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

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

Keywords: spotlights seaspan

Ticker(s): SSW