Photo by Wance Paleri on Unsplash
 

The Chart of the Day belongs to the marine tanker company  Teekay Tankers (TNK). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on  2 /3 the stock gained  47.04%.

(Click on image to enlarge)

TNK Price vs Daily Moving Averages

Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.
 

Barchart Technical Indicators:

• 100% technical buy signals
• 257.50+Weighted Alpha
• 266.77% gain in the last year
• Trend Seeker buy signal
• Above its 20, 50, and 100-day moving averages
• 16 new highs and up 50.33% in the last month
• Relative Strength Index 84.21%
• Recently traded at $47.32 with a 50-day moving average of $33.14.
   

Fundamental Factors:

• Market Cap $1.57 billion
• P/E 7.08
• Revenue is projected to grow 34.60% this year and another .80% next year
• Earnings are estimated to increase 63.80% this year and continue to compound at an annual rate of 3.00% for the next 5 years

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 4 strong buy,  buy, and 1 hold opinions on the stock
• Their price targets are $40 to $61 with a consensus of $50.78 
• The individual investors following the stock on Motley Fool voted 262 to 15 for the stock to beat the market with the more experienced investors voting 25 to 0 for the same result
• Value Line gives the stock an above-average 2 rating
• CFRAs MarketScope recommends a  Hold
• 15.000 investors monitor the stock on Seeking Alpha

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