TransCanada Corporation (TRP) has risen sharply, recording gains of 1.86% in the past 4 weeks. However, the stock has corrected -0.5% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.41% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.07% and the 50-Day Moving Average is 2.58%.The 200 Day SMA reached 19.41%
TransCanada Corporation (NYSE:TRP): The stock opened in the green at $47.93 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $48.1 and a low of $47.55 for the day. The stock did not find buyers even at the lows and closed at $47.56 recording a loss of -0.08%. 664,251 shares exchanged hands during the trading day. The stock had closed at $47.56 in the previous days trading.
TransCanada Corporation (TRP) : Average target price received by TransCanada Corporation (TRP) is $50.23 with an expected standard deviation of $6.18. The most aggressive target on the stock is $58, whereas the most downbeat target is $44. 4 financial analysts are currently covering the stock.
TransCanada Corporation (TransCanada) is an energy infrastructure company. The Company operates through three segments: Natural Gas Pipelines, Liquids Pipelines and Energy. Natural Gas Pipelines and Liquids Pipelines consist of its respective natural gas and liquids pipelines in Canada, the United States and Mexico, as well as its regulated natural gas storage operations in the United States. Its natural gas pipeline network transports natural gas to local distribution companies, power generation facilities and other businesses across Canada, the United States and Mexico. Its existing liquids pipeline infrastructure connects Alberta and the United States crude oil supplies to the United States refining markets in Illinois, Oklahoma and Texas, as well as connecting the United States crude oil supplies from the Cushing, Oklahoma hub to refining markets in the United States Gulf Coast. Energy includes its power operations and the non-regulated natural gas storage business in Canada.