This Morning's Technical Outlook on Shipping Stocks -- Top Ships, Star Bulk Carriers, Golar LNG, and Teekay Tankers

NEW YORK, Jan. 4, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on TOPS, SBLK, GLNG, and TNK which can be accessed for free by signing up to http://www.wallstequities.com/registration. Breakbulk.com reported that the Shipping industry's outlook for 2018 remains negative with little expectation of material improvement in market fundamentals, according to the latest research by Fitch. The ratings agency's "2018 Outlook: Global Shipping" report suggests that overcapacity remains a constant danger and that longevity of any recovery is uncertain due to limited adherence to industry-wide limits. Pre-market today, WallStEquities.com turns investors' attention to select equities to see how they have fared over the past trading sessions: Top Ships Inc. (NASDAQ: TOPS), Star Bulk Carriers Corp. (NASDAQ: SBLK), Golar LNG Ltd (NASDAQ: GLNG), and Teekay Tankers Ltd (NYSE: TNK). All you have to do is sign up today for this free limited time offer by clicking the link below. http://www.wallstequities.com/registration

Top Ships

Maroussi, Greece-based Top Ships Inc.'s shares jumped 4.70%, closing Wednesday's trading session at $0.25. The stock recorded a trading volume of 10.23 million shares. The Company's shares are trading 52.27% below their 50-day moving average. Additionally, shares of Top Ships, which provides seaborne transportation services worldwide, have a Relative Strength Index (RSI) of 44.16. Get the full research report on TOPS for free by clicking below at: http://www.wallstequities.com/registration/?symbol=TOPS

Star Bulk Carriers

On Wednesday, shares in Maroussi, Greece-based Star Bulk Carriers Corp. recorded a trading volume of 655,810 shares, which was above their three months average volume of 505,360 shares. The stock edged 3.13% higher, ending the day at $12.20. The Company's shares have advanced 12.34% in the past month, 18.91% in the previous three months, and 114.79% over the past one year. The stock is trading above its 50-day and 200-day moving averages by 16.50% and 21.14%, respectively. Furthermore, shares of the Company, which engages in the ocean transportation of dry bulk cargoes worldwide, have an RSI of 68.16. SBLK's complimentary research coverage is a few simple steps away at: http://www.wallstequities.com/registration/?symbol=SBLK

Golar LNG

Hamilton, Bermuda headquartered Golar LNG Ltd's stock finished the day 0.16% higher at $30.99. A total volume of 3.17 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have surged 28.27% in the last month, 35.62% in the previous three months, and 31.09% over the past year. The stock is trading above its 50-day and 200-day moving averages by 25.62% and 29.57%, respectively. Additionally, shares of Golar, which engages in the transportation, regasification, liquefaction, and trading of LNG, have an RSI of 86.76.

On December 12^th, 2017, research firm Cowen reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $41 a share to $44 a share. Register for your free research report on GLNG at: http://www.wallstequities.com/registration/?symbol=GLNG

Teekay Tankers

Shares in Hamilton, Bermuda-based Teekay Tankers Ltd ended yesterday's session flat at $1.39. The stock recorded a trading volume of 1.08 million shares. The Company's shares are trading 7.65% below their 50-day moving average. Moreover, shares of Teekay Tankers, which engages in the marine transportation of crude oil and refined petroleum products through the operation of its oil and product tankers worldwide, have an RSI of 40.73. 

On December 07^th, 2017, Teekay Tankers ("TNK") announced that Stewart Andrade has been appointed Chief Financial Officer of TNK, succeeding Vince Lok who will remain Teekay Corporation's ("Teekay") Executive Vice President and CFO. Mr. Andrade joined Teekay in 2002 and has worked in a variety of increasingly senior roles across the organization. Wall St. Equities' downloadable research report on TNK available at: http://www.wallstequities.com/registration/?symbol=TNK

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