's Chart of the Day - TransGlobe Energy
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 TGA - Transglobe Energy Cp

TheBarchart Chart of the Daybelongs toTransGlobe Energy(TGA). I found the oil and gas stock by using Barchart to sort today'sNew 52 Week Highlist first by the most frequent number of new highs in the last month, Then again for technical buy signals of 80% or more. I always use the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 4/12 the stock gained 44.85%.

TransGlobe Energy Corporation (NASDAQ:TGA) is an oil exploration and production company. It is a Calgary-based, growth-oriented oil and gas exploration and development company. TransGlobe is dedicated on improving productivity through promoting good oilfield development and exploitation practices including the implementation of industry leading secondary and tertiary recovery methods as well as improvements to production and transportation infrastructure. The Company conducts its operations through the Arab Republic of Egypt segment. It is primarily engaged in oil exploration, development, production and the acquisition of properties. TransGlobe Energy Corporation, through its subsidiaries, explores for, develops, and produces crude oil and natural gas liquids in Egypt and Canada. It holds working interests in West Gharib, West Bakr, North West Gharib, South West Gharib, South East Gharib, South Ghazalat, South Alamein, and North West Sitra production sharing contracts.


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 theBarchart.comweb site when you read this report.

Barchart technical indicators:

  • 96% technical buy signals
  • 51.88+ Weighted Alpha
  • 34.01% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 21 new highs and up 52.71% in the last month
  • Relative Strength Index 80.62%
  • Technical support level at 1.89
  • Recently traded at 1.97 with a 50 day moving average of 1.45

Fundamental factors:

  • Market Cap $1.41 million
  • P/E 31.17
  • Revenue expected to grow 3.30% next year
  • Earnings estimated to increase 50.70% this year and an additional 167.60% next year
  • Wall Street analysts issued 2 buy recommendations on the stock