TransCanada Corporation (TRP) Shares are Up 1.22%

TransCanada Corporation (TRP) has been under a strong bear grip, hence the stock is down -2.37% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.29% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.22% in the last 1 week, and is up 0.91% 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 0.43% and the 50-Day Moving Average is 5.65%. TransCanada Corporation is up 12.83% in the last 3-month period. Year-to-Date the stock performance stands at 45.27%.


TransCanada Corporation (NYSE:TRP): stock turned positive on Friday. Though the stock opened at $45.84, the bulls momentum made the stock top out at $46.51 level for the day. The stock recorded a low of $45.58 and closed the trading day at $46.35, in the green by 1.02%. The total traded volume for the day was 1,550,881. The stock had closed at $45.88 in the previous days trading.

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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