Frontline Ltd. (USA) (NYSE: FRO): fell by 5.34% or $-0.39/share to $6.92. In the past year, the shares have traded as low as $2.52 and as high as $25.09. On average, 2431320 shares of FRO exchange hands on a given day and today's volume is recorded at 2637365. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $5.48 area where the stock will likely see buying pressure.
Overseas Shipholding (NYSE: OSG): fell by 4.65% or $-0.53/share to $10.88. In the past year, the shares have traded as low as $7.86 and as high as $32.98. On average, 938926 shares of OSG exchange hands on a given day and today's volume is recorded at 397616. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $12.36 represents resistance and the 50-day moving average of $10.48 would be an area of support.
Con Way Inc (NYSE: CNW): fell by 4.13% or $-1.43/share to $33.16. In the past year, the shares have traded as low as $20.56 and as high as $42.38. On average, 653284 shares of CNW exchange hands on a given day and today's volume is recorded at 353742. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $31.07 area where the stock will likely see buying pressure.
FedEx Corporation (NYSE: FDX): fell by 4.48% or $-4.29/share to $91.53. In the past year, the shares have traded as low as $64.07 and as high as $98.66. On average, 2049080 shares of FDX exchange hands on a given day and today's volume is recorded at 4490971. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $92.85 represents resistance and the 200-day moving average of $83.57 would be an area of support.
Seaspan Corporation (NYSE: SSW): fell by 3.74% or $-0.68/share to $17.48. In the past year, the shares have traded as low as $10.21 and as high as $21.33. On average, 441548 shares of SSW exchange hands on a given day and today's volume is recorded at 167601. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $17.16 area where the stock will likely see buying pressure.
