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Transglobe Energy Shares Down 23.9% Since SmarTrend's Sell Call (TGA)
Feb 28, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for Transglobe Energy (NASDAQ:TGA) on November 28th, 2012 at $10.27. In approximately 3 months, Transglobe Energy has returned 23.86% as of today's recent price of $7.82.
Transglobe Energy share prices have moved between a 52-week high of $14.46 and a 52-week low of $7.37 and are now trading 6% above that low price at $7.82 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.3%.
TransGlobe Energy Corporation is a Calgary-based, growth-oriented oil and gas exploration and development company focused on the Middle East/North Africa region with production operations in the Arab Republic of Egypt and the Republic of Yemen.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Transglobe Energy.
Log in and add Transglobe Energy (TGA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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