Seaspan Corporation (SSW) Shares are Down -4.38%

Seaspan Corporation (SSW) : During the past 4 weeks, traders have been relatively bearish on Seaspan Corporation (SSW), hence the stock is down -3.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.53% relative to the S&P 500. The 4-week change in the price of the stock is -4.17% and the stock has fallen -4.38% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.58% and the 50-Day Moving Average is 7.5%.The 200 Day SMA reached 12.44%

Seaspan

Seaspan Corporation (NYSE:SSW): After opening at $13.29, the stock dipped to an intraday low of $13.16 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.49 and the buying power remained strong till the end. The stock closed at $13.33 for the day, a gain of 1.06% for the day session. The total traded volume was 685,012. The stocks close on the previous trading day was $13.33.

Seaspan Corporation (SSW) : The highest level Seaspan Corporation (SSW) is projected to reach is $25 for the short term and the lowest estimate is at $12. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $15.67 and the possibility the share price can swing is $4.68.

Seaspan Corporation is an independent charter owner and manager of containerships. The Company charters primarily pursuant to long-term, fixed-rate time charters with various container liner companies. As of February 28, 2015, the Company operated a fleet of 77 containerships and had contracts for the purchase of an additional 13 newly-built containerships, which have scheduled delivery dates through October 2016. The Companys customers primarily include COSCON, CSCL Asia, HL USA, Hanjin, Hapag-Lloyd, K-Line, MSC, MOL, Norasia, OOCL, Maersk and Yang Ming Marine. The Companys four 4800 TEU vessels are chartered by MSC under bareboat charters, which are contracts for the use of a vessel for a fixed period of time at a specified amount. The Company also provides limited ship management services to Dennis R. Washingtons personal vessel owning companies and ship management and construction supervision services to GCI.

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