Thursday 24 Jul 2014

Technical Update: Tsakos Energy Navigation Ltd And LifeVantage Corp

New York, NY – (NISMAGAZINE) – 02/03/2014 –Tsakos Energy Navigation Ltd (NYSE:TNP) stock zoomed up on 22 Jan and showed major resistance at $ 8.17 and then started its descent to a close of $6.80 on 31 Jan. Tsakos Energy Navigation Ltd (NYSE:TNP) traded on a volume of 4.96 million on 31 Jan against its 10 Day average of 1.24 million. The company’s stock is currently trading below its 20-Day EMA of $7.00 and above its 50-Day EMA of $6.31.

News for Tsakos Energy Navigation Ltd (NYSE:TNP)

Tsakos Energy Navigation Ltd (NYSE:TNP) announced that it plans to offer the company’s common-shares in a PO. Entities that are affiliated with the Tsakos Holdings Foundation, its largest shareholder, have now indicated their intention to buy 500,000 of the common- shares sold in this offering. Tsakos Energy Navigation Ltd (NYSE:TNP) intends to grant underwriters a 30-day option to buy upto an additional 15% of the total number of common-shares sold in this offering. Tsakos Energy Navigation Ltd (NYSE:TNP) plans to use the net-proceeds of this offering to finance growth & modernization of its fleet as well as for various general corporate purposes.

Is TNP a solid investment at these levels? Find out here.

Technicals for LifeVantage Corp (NASDAQ:LFVN)

LifeVantage Corp (NASDAQ:LFVN) had reached a high on 25 Oct when the stock price touched $2.62. Since then, it has been on a downward trend that has shown no signs of abating and closed at $1.23 in Friday’s trading. LifeVantage Corp (NASDAQ:LFVN) traded on a volume of 1.13 million which was almost double its 10 Day average of 0.575 million. The stock has an RSI of 25.34.

News for LifeVantage Corp (NASDAQ:LFVN)

LifeVantage Corp (NASDAQ:LFVN) announced that it will release its financial results for its Q2 that ended 31 December 2013, after the close of market Thursday, 6 February 2014. The LifeVantage Corp (NASDAQ:LFVN) will hold its investor conference call at 2:30pm Mountain Standard Time on that same day.

How Should Investors Trade LFVN Now? Find out here.

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