The Chart of the Day belongs to TransCanada Pipelines (NYSE:TRP). I found the stock by sorting the New High List for technical buy signals then used the Flipchart feature o review the charts. Since the Trend Spotter signaled a buy on 8/14 the stock gained 3.79%.
TransCanada is a North American energy company. They are focused on natural gas transmission and power services. Their pipeline transports the majority of Western Canada’s natural gas production to growing markets in Canada and the United States.
Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 10 day moving averages
- 4 new highs and up 1.84% in the last month
- Relative Strength Index 68.08%
- Barchart computes a technical support level at 51.50
- Recently traded at 52.64 with a 50 day moving average of 49.66
Fundamental factors:
- Market Cap $37.27 billion
- P/E 24.35
- Dividend yield 3.46%
- Revenue expected to grow 17.40% this year and another 2.50% next year
- Earnings estimated to increase 4.50% this year, an additional 9.40% next year and continue to increase at an annual rate of 14.75% for the next 5 years
- Wall Street analysts issued 1 buy and 3 hold recommendations on the stock
This is a total return stock, keep till the total return is negative.
