Tsakos Energy Navigation Ltd (TNP) : Traders are bullish on Tsakos Energy Navigation Ltd (TNP) as it has outperformed the S&P 500 by a wide margin of 0.54% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.71%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.22% in the last 1 week, and is up 0.4% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.24% and the 50-Day Moving Average is 0.11%.The 200 Day SMA reached 15.22%. Tsakos Energy Navigation Limited has dropped 19.22% during the last 3-month period . Year-to-Date the stock performance stands at -35.41%.
Tsakos Energy Navigation Ltd (NYSE:TNP): After opening at $4.98, the stock dipped to an intraday low of $4.87 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5 and the buying power remained strong till the end. The stock closed at $4.97 for the day, a gain of 2.05% for the day session. The total traded volume was 338,538. The stocks close on the previous trading day was $4.87.
Tsakos Energy Navigation Limited is a provider of international seaborne crude oil and petroleum product transportation services. As of April 8, 2015, the Company operated a fleet of 47 modern crude oil and petroleum product tankers that provide marine transportation services for national and other independent oil companies and refiners under long, medium and short-term charters. The Companys fleet also includes one liquefied natural gas (LNG) carrier and two shuttle suezmax tankers with dynamic positioning technology (DP2), as well as VLCC, aframax, panamax, handysize, handymax tankers, and the two DP2 shuttle tankers. Its fleet is managed by Tsakos Energy Management Limited (Tsakos Energy Management). Tsakos Energy Management provides the Company with advisory, financial, accounting and administrative services. Its tanker fleets technical management, including crewing, maintenance and repair, and voyage operations, is subcontracted to Tsakos Columbia Shipmanagement (TCM).