Targa Resources Corp. (TRGP)

Targa Resources Corp. is trading at $298.10, up 7.25% on the session. The 50 day average sits at $269.67 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 55.4, which reads as strong, and MACD is bullish crossover. Volume is below average.

The nearest support is around $259.85 with resistance near $276.26, so that band frames the current range. Average daily movement is roughly $7.67, or about 2.6% of the share price, which is what any stop placement has to allow for. The overall health score of 70 out of 100 combines a trend score of 68, momentum of 75 and a risk score of 66.

Targa Resources Corp., together with its subsidiaries, owns, operates, acquires, and develops a portfolio of complementary domestic infrastructure assets in North America. It operates in two segments, Gathering and Processing, and Logistics and Transportation. The company is involved in gathering, compressing, treating, processing, transporting, and selling natural gas; storing, fractionating, treating, transporting, and selling natural gas liquids (NGL) and NGL products, including services to liquefied petroleum gas exporters; and gathering, storing, terminaling, purchasing, and selling crude oil. It is involved in the purchase and resale of NGL products; and sale of propane, as well as provision of related logistics services to multi-state retailers, independent retailers, and other end-users. In addition, the company offers NGL balancing services; and transportation services to refineries and petrochemical companies in the Gulf Coast area, as well as purchases, markets, and resells natural gas. The company also leased and owned railcars, tractors, vacuum trucks and pressurized NGL barges. Targa Resources Corp. was incorporated in 2005 and is headquartered in Houston, Texas.