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Moving Average Crossover Alert: Tsakos Energy Navigation

By Zacks Investment ResearchStock MarketsNov 05, 2019 07:15AM ET
www.investing.com/analysis/moving-average-crossover-alert-tsakos-energy-navigation-200482171
Moving Average Crossover Alert: Tsakos Energy Navigation
By Zacks Investment Research   |  Nov 05, 2019 07:15AM ET
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Tsakos Energy Navigation Limited (NYSE:TNP) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for TNP broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by more than 100% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for TNP on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 2 higher, while the consensus estimate has also moved higher too.

So, given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Tsakos Energy Navigation Ltd (TNP): Free Stock Analysis Report

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Moving Average Crossover Alert: Tsakos Energy Navigation
 

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Moving Average Crossover Alert: Tsakos Energy Navigation

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