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Shares of TK Down 23.8% Since Downtrend Call on Shares

May 19, 2017 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Teekay (NYSE:TK) on March 14th, 2017 at $8.89. In approximately 2 months, Teekay has returned 23.79% as of today's recent price of $6.78.

Teekay share prices have moved between a 52-week high of $50.89 and a 52-week low of $4.37 and are now trading 55% above that low price at $6.78 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.3% while the 200-day MA has slid 2.9%.

Teekay Corporation provides international crude oil and petroleum product transportation services to major oil companies, major oil traders, and government agencies. The Company provides its services through a fleet of medium size oil tankers worldwide.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Teekay.

Log in and add Teekay (TK) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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