Euronav NV (EURN) : Traders are bullish on Euronav NV (EURN) as it has outperformed the S&P 500 by a wide margin of 1.53% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.78% in the last 1 week, and is up 1.92% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Euronav NV has dropped 8.52% during the last 3-month period . Year-to-Date the stock performance stands at -28.9%. The stock has recorded a 20-day Moving Average of 2.27% and the 50-Day Moving Average is 0.06%.
Euronav NV (NYSE:EURN): The stock opened at $9.00 on Friday but the bulls could not build on the opening and the stock topped out at $9.05 for the day. The stock traded down to $8.96 during the day, due to lack of any buying support eventually closed down at $9.02 with a loss of -0.99% for the day. The stock had closed at $9.11 on the previous day. The total traded volume was 469,978 shares.
Also, Citigroup maintains its rating on Euronav NV (NYSE:EURN). The global brokerage major lowers the current price target from $14 per share to $11 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on July 29, 2016.