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Zacks #1 Stocks on the Move 09/02/2015

Company Name Symbol %Change
Shares of Teekay Tankers Receive a Boost, Up 8.1%

Print Share

Dec 12, 2014 (Market movers via COMTEX) -- One of today's stocks on the move is Teekay Tankers (NYSE:TNK), up 8.1% to $5.05. The S&P is trading lower by 0.7% to 2,021 and the Dow is trading 1.0% lower to 17,416.

There is potential upside of 8.3% for shares of Teekay Tankers based on a current price of $5.05 and an average consensus analyst price target of $5.47. The stock should discover initial support at its 50-day moving average (MA) of $4.08 and subsequent support at its 200-day MA of $3.97.

Teekay Tankers Ltd. owns and operates a fleet of crude oil tankers, primarily in the aframax sector.

In the past 52 weeks, Teekay Tankers share prices have been bracketed by a low of $3.05 and a high of $5.08 and are now at $5.05, 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.2%.


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