A Technical Look At 2 Stocks: Top Ships Inc. (TOPS), California Resources Corporation (CRC)

Top Ships Inc. (NASDAQ:TOPS) recorded a trading volume of 3.02 million shares, above its 90-day volume average of 2.24 million shares. The stock kicked off the session at $1.55 and later approached $1.44 with a change of -13.77%.

Top Ships Inc. Earnings Surprise

Revenue had a distance of 5.5% from the previous quarter, with the company recording $23 million in revenue.

Top Ships Inc. (NASDAQ:TOPS) Intraday View

The shares of Top Ships Inc. (NASDAQ:TOPS) have struggled and recovered 108.7% ever since it recorded its 52 week low. During the course of 5 days, the stock price volatility has remained at 14.3%, increasing the time frame to a month, the volatility recorded was 15.89%. The price of their shares still hasn’t been successful in staying above its 20 days moving average, staying at a distance of -8.45% and while its 50 moving average is around 15.8%. A look at previous five trading sessionTOPS stock had returned -29.76% and has spiked 4.15% when compared to its 200-day moving average that is $1.18. Top Ships Inc. (TOPS) will look to overcome its -84% fall that it witnessed in the past one year.

As the normal trading session ended, the stock of California Resources Corporation (NYSE:CRC), fetched in a $-2.38 retreat to $26.96. The session began with the stock price at $29.68, hitting a high of $30.45 before down again. For the week, analysts seem to be okay with their neutral with the consensus call staying at 2.4. California Resources Corporation gets 1 buy analyst recommendations while 3 recommend a hold and 0 rated it as a sell. The shares of the company tumbled -46.44% from its high $50.34, with their overall market value now roughly $1.37 billion.

California Resources Corporation (CRC) Consensus Price Target

The mean recommendation of CRC on Reuter’s scale dropped from 2.43 to 2.29 within 30 days. This figure implies that the majority of analysts rate it as a hold. The price target for California Resources Corporation (NYSE:CRC) is now around $50.57 a share, implying the stock has what it takes to grow by 87.57%. The recent trading session also indicated the stock needs to add 159.64% more meet analysts’ high consensus price target.

California Resources Corporation (NYSE:CRC) Intraday Trading

The current trading volume of the company was 2.63 million shares during the last session. That compares with the recent average volume of 1.77 million shares. By the end of the regular trading session, the price volatility over a 1-week span was 10.73 while month stood 7.92%. The stock price of CRC dropped to $28.61 during the day and at a certain time in 12 months it traded as low as $13.26. It has made a 103.32% recovery since its 52-week low point and has returned 38.68% year-to-date.