International Seaways, Inc. (INSW) Formed Bearish Wedge Down; Sellers Are Thriving

February 15, 2018 - By sdfsdfsdf

The stock of International Seaways, Inc. (INSW) formed a down wedge with $15.98 target or 6.00 % below today’s $17.00 share price. The 6 months wedge indicates high risk for the $494.53 million company. If the $15.98 price target is reached, the company will be worth $29.67 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 4.55% or $0.74 during the last trading session, reaching $17. About 158,106 shares traded. International Seaways, Inc. (NYSE:INSW) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Analysts await International Seaways, Inc. (NYSE:INSW) to report earnings on April, 4. They expect $-0.26 EPS, down 196.30 % or $0.53 from last year’s $0.27 per share. After $-0.46 actual EPS reported by International Seaways, Inc. for the previous quarter, Wall Street now forecasts -43.48 % EPS growth.

More notable recent International Seaways, Inc. (NYSE:INSW) news were published by: Businesswire.com which released: “International Seaways to Participate in Noble Capital Markets’ Fourteenth …” on January 23, 2018, also Businesswire.com with their article: “International Seaways Announces Execution of Five Year Contracts for Its FSO …” published on May 17, 2017, Businesswire.com published: “International Seaways Begins Operating as an Independent, Publicly Traded Company” on December 01, 2016. More interesting news about International Seaways, Inc. (NYSE:INSW) were released by: Moodys.com and their article: “Moody’s changes International Seaways’ outlook to negative, affirms ratings …” published on December 22, 2017 as well as Businesswire.com‘s news article titled: “International Seaways Announces Closing of New $500 Million Term Loan and $50 …” with publication date: June 22, 2017.

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