Teekay Tankers Continues Downward Trend

Friday, March 18, 2011

SmarTrend identified a downtrend for Teekay Tankers (NYSE: TNK) on January 24, 2011 at $11.22. In approximately two months, Teekay Tankers has returned 14.1% as of the recent price of $9.64. Teekay Tankers is currently below its 50-day moving average of $11.56 and below its 200-day moving average of $12.05.

(Source: COMTEX News Network)

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