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Targa Resources Crosses Above its 10-day MA (TRGP)

By Amy Schwartz

Targa Resources (NYSE:TRGP) shares have crossed bullishly above their 10-day moving average of $46.28 on a volume of 303K 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.

Over the past year, Targa Resources has traded in a range of $35.35 to $61.83 and is now at $46.47, 31% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.6% while the 200-day MA has slid 2.2%.

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