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Shares of shipping companies have surged to their highest levels in a decade or more, as a prolonged crisis in the Strait of Hormuz squeezes the global supply of vessels. The rally is being driven by disruption, as freight rates and stock prices soar.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

After reaching an important support level, Teekay Tankers (TNK) could be a good stock pick from a technical perspective. TNK surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Does Teekay Tankers (TNK) have what it takes to be a top stock pick for momentum investors? Let's find out.

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?