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After Yesterday's Decline of 1.64%, Scorpio Tankers Offers Investors Better Value

By Nick Russo

Scorpio Tankers (NYSE:STNG) traded in a range yesterday that spanned from a low of $16.84 to a high of $17.74. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $17.61 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Scorpio Tankers share prices have been bracketed by a low of $12.35 and a high of $40.45 and are now at $17.09, 38% 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 0.5%.

SmarTrend is tracking the current trend status for Scorpio Tankers and will alert subscribers who have STNG in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders scorpio tankers

Ticker(s): STNG