Teekay Tankers: Bullish Cup with Handle Targeting $61.82

BATS:TNK   Teekay Tankers Ltd.
Teekay Tankers is a Marine Shipping company that is a Subsidiary of The Teekay Corporation, and it mainly focuses on the Shipping and Storage of oil. Recently, the BDI has begun to rise, and oil demand has picked up, leading to increased demand for dry bulk shipping. Despite this one already being up a bunch, I do think it has formed a nice enough Cup with Handle pattern here to try and play for a measured move breakout up to around $61.82.


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