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Bullish Moving Average Cross by Targa Resources (TRGP)

By Shiri Gupta

Today, shares of Targa Resources (NYSE:TRGP) have advanced above their 10-day MA of $43.85 on a volume of 100K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Targa Resources have traded between a low of $35.35 and a high of $61.83 and are now at $44.15, which is 25% above that low price. Over the past week, the 200-day moving average (MA) has gone down 2.2% while the 50-day MA has advanced 4.6%.

SmarTrend is tracking the current trend status for Targa Resources and will alert subscribers who have TRGP in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses targa resources

Ticker(s): TRGP