TNP Makes Notable Cross Below Critical Moving Average

In trading on Monday, shares of Tsakos Energy Navigation Ltd. ( TNP) crossed below their 200 day moving average of $4.21, changing hands as low as $4.10 per share. Tsakos Energy Navigation Ltd. shares are currently trading down about 5.8% on the day. The chart below shows the one year performance of TNP shares, versus its 200 day moving average:

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Tsakos Energy Navigation Ltd. 200 Day Moving Average Chart

Looking at the chart above, TNP's low point in its 52 week range is $3.04 per share, with $6.19 as the 52 week high point — that compares with a last trade of $4.12.

According to the ETF Finder at ETF Channel, TNP makes up 4.13% of the Guggenheim Shipping ETF ( SEA) which is trading lower by about 3.2% on the day Monday.
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