TransCanada Corporation (TRP) Shares are Up 0.95%

TransCanada Corporation (TRP) : Traders are bullish on TransCanada Corporation (TRP) as it has outperformed the S&P 500 by a wide margin of 1.06% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.44%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.95% in the last 1 week, and is up 0.93% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 0.88%.The 200 Day SMA reached 20.74%. TransCanada Corporation is up 7.44% in the last 3-month period. Year-to-Date the stock performance stands at 46.34%.


TransCanada Corporation (NYSE:TRP): After opening at $46.58, the stock dipped to an intraday low of $46.38 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $46.91 and the buying power remained strong till the end. The stock closed at $46.69 for the day, a gain of 1.10% for the day session. The total traded volume was 963,062. The stocks close on the previous trading day was $46.18.

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.

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