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Targa Resources Bullish Moving Average Crossover Alert (TRGP)

By Amy Schwartz

Targa Resources (NYSE:TRGP) shares have crossed bullishly above their 10-day moving average of $39.76 on a volume of 455K shares. This may provide swing traders with an opportunity 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 $33.55 and a high of $59.21 and are now at $40.19, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has slid 0.4%.

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