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Ship Finance International Limited Message Board

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  • marklibera marklibera Sep 10, 2011 11:18 AM Flag

    What Is The Case For Shorting

    More on technical analysis for SFL. Looks like there could be support around $10 which was established back in Jan 2009 before it plunged to $6 during the Mar 2009 bottom (before the Fed stepped in). The relative strength index - RSI- stands at 42 which is neutral, meaning there could be more selling before this gets oversold, and stocks can always stay oversold or become more oversold before any buying comes in.

 
SFL
16.27-0.49(-2.92%)Jul 27 4:02 PMEDT