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Global Ship Lease, Inc. Breaks Below 200-Day Moving Average - Bearish for GSL

By Market News Video Staff, Tuesday, May 17, 11:40 AM ET
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In trading on Tuesday, shares of Global Ship Lease, Inc. (NYSE:GSL) crossed below their 200 day moving average of $5.00, changing hands as low as $4.97 per share. Global Ship Lease, Inc. shares are currently trading off about 4.8% on the day. The chart below shows the one year performance of GSL shares, versus its 200 day moving average:

Global Ship Lease, Inc. 200 Day Moving Average Chart

Looking at the chart above, GSL's low point in its 52 week range is $2.03 per share, with $7.75 as the 52 week high point — that compares with a last trade of $5.70.

GSL operates in the Shipping sector, among companies like Seaspan Corp (NYSE:SSW) which is down about 3% today, and Textainer Group Holdings Ltd (NYSE:TGH) trading lower by about 3.9%. Below is a three month price history chart comparing the stock performance of GSL, versus SSW and TGH.

GSL,SSW,TGH Relative Performance Chart


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This Article's Word Cloud:   Average   Below   Global   Investment   Lease   Moving   NYSE   Portfolio   Ship   Textainer   Their   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   complete   completely   countries   currently   designed   down   growth   hands   history   leads   moving   operates   performance   point   portfolio   price   program   range   raquo   share   shares   short   stocks   terms   trading   versus   week   with
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Global Ship Lease, Inc. Breaks Below 200-Day Moving Average - Bearish for GSL | Market News Video | Copyright © 2008 - 2013, All Rights Reserved

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