Teekay Tankers stock had its Relative Strength (RS) Rating upgraded from 77 to 81 Monday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Is Teekay Tankers Stock A Buy?
Teekay Tankers stock is trying to complete a consolidation with a 48.05 buy point. See if the stock can break out in heavy trade. Be aware that it's a fifth-stage base. Such later-stage patterns involve more risk and are more and have a higher likelihood to fail than earlier-stage formations.
While sales growth fell last quarter from 127% to 53%, the bottom line grew 476%, up from 0% in the prior report.
Teekay Tankers stock holds the No. 2 rank among its peers in the Oil & Gas-Transportation/Pipeline industry group. Dorian LPG and Teekay Tankers are also among the group's highest-rated stocks.
