This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration. Need a new registration confirmation email? Click here
Overseas Shipholding Group(OSG) owns and operates a fleet of oceangoing vessels engaged in the transportation of liquid and dry bulk cargoes in the international market. This stock is trading up 6.1% at $6.89 in recent trading.
Today's Range: $6.42-$6.94
52-Week Range: $5.00-$16.37
Three-Month Average Volume: 671,959
From a technical perspective, OSG is bouncing hard here right off its 50-day moving average of $6.50 with decent volume. This move is quickly pushing OSG within range of triggering a major breakout trade. That trade will hit once OSG manages to take out some near-term overhead resistance levels at $7.15 to $7.53 with high volume.
Traders should now look for long-biased trades in OSG as long as its trending above its 50-day, and then once it sustains a move or close above those breakout levels with volume that's near or above 671,959 shares. If that breakout triggers soon, then look for OSG to potentially trade back towards its 200-day moving average of $9.67.