Here's Why Targa Resources (TRGP) Is a Great 'Buy the Bottom' Stock Now
Portfolio Pulse from
Targa Resources (TRGP) is showing a hammer chart pattern, suggesting potential support after recent value loss. Coupled with upward earnings estimate revisions, this may indicate a trend reversal for TRGP.
December 12, 2024 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Targa Resources (TRGP) is experiencing a hammer chart pattern, indicating potential support after recent declines. Upward revisions in earnings estimates suggest a possible trend reversal.
The hammer chart pattern is a technical indicator that often signals a reversal in a stock's price trend. Coupled with upward revisions in earnings estimates, this suggests that TRGP may see a positive price movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100