Large Inflow of Money Detected in TC PipeLines LP

TC PipeLines LP (TCP) : The money flow analysis of TC PipeLines LP (TCP) indicates a $2.57 million of outflow was on downticks, whereas, the investors on Wednesday gobbled up stocks worth $4.12 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.6 and so was the total money flow at $1.55 million. The bulls lapped up $2.71 million worth of block trades on upticks. The money flow was $2.71 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of TC PipeLines LP (TCP), pushing it down by -1.05% for the day. The stock slid $0.58 and traded at $54.48 during the day. Nonetheless, the stock is -1.34% over the previous weeks close.


Also, Major Brokerage house, Barclays downgrades its ratings on TC PipeLines LP (NYSE:TCP). In the latest research report, Barclays lowers the target price from $53 per share to $49 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. Previously, the analysts had a Equal-weight rating on the shares. The rating by the firm was issued on June 20, 2016.

TC PipeLines LP (NYSE:TCP): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $55.03 and $54.12 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.11, notching a gain of 0.09% for the day. The total traded volume was 261,535 . The stock had closed at $55.06 on the previous day.

The stock has recorded a 20-day Moving Average of 0.81% and the 50-Day Moving Average is 0.12%.

TC PipeLines, LP is a limited partnership company that acquires, owns and participates in the management of energy infrastructure businesses in North America. The companys pipeline systems transport natural gas in the United States. The company is managed by its General Partner, which is an indirect wholly owned subsidiary of TransCanada. It has equity ownership interests in two natural gas interstate pipeline systems, as well as three wholly-owned and one majority owned pipeline. Collectively, the pipelines are designed to transport approximately 8.9 billion cubic feet per day of natural gas from producing regions and import facilities to market hubs and consuming markets primarily in the Western and Midwestern United States. Its pipeline systems include Great Lakes Gas Transmission Limited Partnership, Northern Border Pipeline Company, Gas Transmission Northwest LLC, Bison Pipeline LLC, North Baja Pipeline, LLC and Tuscarora Gas Transmission Company.

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