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Teekay Tankers Ltd. Message Board

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  • xx369@ymail.com xx369 Feb 2, 2013 5:07 AM Flag

    Sector and cycle ruminations

    TNK has been in a down trend for at least 4 years. They also got slammed to new lows in the previous quarter when they cut the dividend. As we all know the slow 3rd quarter is when they schedule their dry docking activities to prepare for the busy winter months ahead. In addition, on a technical note TNK's recent uptrend has been broken and a sell signal was given 9 days ago as TNK broke under the 20 and 50 moving averages. However, the average number of days in a typical distribution or shake out brings TNK near a solid support level. Also, the scholastic oscilator on a 30 minute intraday chart 2/2/2013 crossed over to comfirm a move up may occur next week in anticipation of a better winter booking. Looks like Nat will post earnings before TNK on the 11th and a few others. I hope they dont screw things up.

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TNK
6.61-0.24(-3.50%)Jun 30 4:04 PMEDT