$TNK has been in a bear market for a long time. The stock was $14 back in 2011 before dropping to under $1 this year. We believe the worst is over as the stock has a rounding bottom and looks set to continue climbing. Next major resistance level is the 200-day MA of $1.98. Oil shipping rates have climbed, making $TNK an attractive risk/reward play. Teekay...
It has been a very eventful year so far TNK and yesterdays closing (as below) has given investors some reassurance that the future is secured,BUY Volume has increased considerably and as earnings approach this could be a real winner at the current entry level. Teekay Corporation, +2.01% announced the closing of its previously announced offering of $250 million in...
Teekay Tankers stock is in a giant Energy Field pattern where the energy builds as the stock consolidates over a long span. The chart shows that the stock is now in a continuation pattern (purple) as it tests critical overhead resistance. Teekay Tankers trades in the Shipping & Ports industry which is turning around. The P/B of 1.25 suggests the company’s market...
Watching TNK set up for a picture perfect Stan Weintstein buy. Price levels and bases with volume confirming both moves. Price then moves above the 50,150 and 200 moving averages forming a golden cross. The conservative investor will wait for price to correct and bounce off of moving averages.
a long bearish formation is finally broken. Long from here. Initial target 3