Targa Resources (TRGP) stock today

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Long-term view: distances to old highs are distances, not targets. Business results are not checked here.

TRGP · Long term view

1. 1 TRGPTarga Resources 60d$302.37▲+4.4% ○ Waitfor a firmer market Setup being watched: one of the market's strongest · Up 64% this year

   Waiting for

   a firmer marketReaching a price alone does not change the label; the rule checks again on a fresh price

   Get out if wrong

   below $267.0011.7% under today's price

   First test

   None closeNo 20-day or 3-month high sits above the entry zone

   Last 3 months

   Get outHurdle

   Why it's here

   Where it stands. Over 5 sessions it is +2.5%. Targa Resources is holding above its 50-day ($288.53) and 200-day ($256.36) averages.

   Strength. In line with its sector fund (XLE) over 5 sessions.

   	TRGP	XLE sector	S&P 500
   5 sessions	▲+2.5%	▲+1.6%	▼-0.4%
   1 month	▲+6.8%	▲+10.8%	▼-0.9%

   Sector backdrop. 2 Market wire stories since the last close on Iran and Gulf shipping, a theme that moves tankers and energy stocks. Latest (Fri 8:20 PM ET): Intelligence memo details heightened Iranian threats to US staff

   What could go wrong

   • No clear trend yet: ADX 11 (under 15 is choppy).
   • Up 64% this year already: a long run is behind it.
   • Earnings Nov 5 before the open, 9 trading days away: a long-term hold would span the report.

   Trading 0.96x its normal volume, about usual, price up.

   Also seeing: Bounced twice off the same floor.

   5 of 6 checks passed

   • Trend is pointing up
   • Normal or busier trading
   • A clear setup has formed
   • Price is near the buy zone
   • A confirming signal agrees
   • Market is not falling hardBroad market -0.9% and technology market -5.0% over one month; both must be above their 50-day averages with nonnegative returns. 825 of 1834 fresh, liquid stocks in our scan are above their 50-day average. Data coverage: 95%; at least 80% is required. Breadth is context for this holding period, not an automatic veto.

   News comes from our Market wire and never counts as an entry by itself. The first test is a distance, not a target. Earnings dates come from Finviz, checked nightly; confirm the date with the company.

   How far below its highs

   1-month high: 0%3-month high: 0%1-year high: 0%All-time high: 0%

   Measured from closing prices. Green: 50% or more below the high. Yellow: 20 to 50% below. Orange: less than 20% below.

   Where the price sits in each range

   1 week

   $281.87$303.60

   1 month

   $267.00$303.60

   3 months

   $255.08$307.94

   This year

   $173.57$307.94

   Ranges use each day's high and low.

   Large cap · $64.8 billion Energy Swings about 3x as much as the S&P 500

   Price as of Fri Oct 23, 4:00 PM ET.

Research for education, the same for every member. Not personal advice. Prices may be delayed.