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Seaspan Shares Down 38.4% Since SmarTrend's Sell Call (SSW)

By Amy Schwartz

SmarTrend identified a Downtrend for Seaspan (NYSE:SSW) on January 31st, 2017 at $9.61. In approximately 5 months, Seaspan has returned 38.37% as of today's recent price of $5.92.

In the past 52 weeks, shares of Seaspan have traded between a low of $5.02 and a high of $20.87 and are now at $5.92, which is 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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