This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.' In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's ...

For those looking to find strong Transportation stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Teekay Tankers (TNK) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Transportation peers, we might be able to answer that question. Our latest available data shows that TNK has returned about 25.6% since the start of the calendar year. In comparison, Transportation companies have returned an avera ...

We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30. Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and e ...

Is TNK Worth Investing In? Looking at the earnings estimate revisions for Teekay Tankers, the Zacks Consensus Estimate for the current year has increased 0.2% over the past month to $14.70. Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term. The size of the recent change in the consensus estimate, along with three other factors related to earnings e ...

Heading into today, shares of the oil and gas shipping company had lost 8.66% over the past month, lagging the Transportation sector's loss of 5.79% and the S&P 500's gain of 3.71% in that time. For the annual period, the Zacks Consensus Estimates anticipate earnings of $14.67 per share and a revenue of $867.54 million, signifying shifts of +1.38% and -2.53%, respectively, from the last year. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperf ...

Teekay Tankers currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.00 indicates Strong Buy. Of the four recommendations that derive the current ABR, four are Strong Buy, representing 100% of all recommendations. Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into fi ...

The the stock of oil and gas shipping company has risen by 2.67% in the past month, leading the Transportation sector's loss of 2.76% and undershooting the S&P 500's gain of 3.51%. Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system. The Transportation - Shipping industry is part of the Transportation secto ...

a downward trend. Shares of TNK have been moving higher over the past four weeks, up 13.7%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that TNK could be poised for a continued surge. Once investors consider TNK's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 2 raised estimates, for the current fiscal year, and the consensus estimate has increased as well. Given this move in earnin ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive. Our ...

Kevin Mackay - President and Chief Executive Officer Stewart Andrade - Chief Financial Officer Christian Waldegrave - Director of Research and Commercial Performance Operator Unidentified Company Representative I will now turn the call over to Kevin Mackay, Teekay Tankers' President and CEO, to begin. Moving to our recent highlights on Slide 3 of the presentation. Teekay Tankers' generated total adjusted EBITDA of $151 million up from the $127 million we generated last quarter. The company reported adjusted ...