Seaspan Breaks Above 200-Day Moving Average - Bullish for SSW

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In trading on Thursday, shares of Seaspan Corp (Symbol: SSW) crossed above their 200 day moving average of $22.11, changing hands as high as $22.24 per share. Seaspan Corp shares are currently trading up about 1% on the day. The chart below shows the one year performance of SSW shares, versus its 200 day moving average: Seaspan Corp 200 Day Moving Average Chart

Looking at the chart above, SSW's low point in its 52 week range is $19.45 per share, with $25.10 as the 52 week high point - that compares with a last trade of $22.17.

According to the ETF Finder at ETF Channel, SSW makes up 2.85% of the Guggenheim Shipping ETF (Symbol: SEA) which is trading up by about 1.1% on the day Thursday.

Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas
Referenced Symbols: SSW , SEA

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