Targa Resources Partners
(NGLS - Get Report)
This company is engaged in the business of gathering, compressing, treating, processing and selling natural gas and fractionating and selling natural gas liquids and NGL products. This stock is trading up 2% at $36.33 in recent trading.
Today's Volume: 2.16 million
Average Volume: 438,973
Volume % Change: 617%
From a technical perspective, NGLS is bouncing higher here with heavy upside volume. This stock recently gapped down from over $40 to its recent low of $34.76 with high volume. Following that move, shares of NGLS have started to rebound and the stock is now approaching a near-term breakout trade. That trade will hit once NGLS manages to clear its gap down day high of $36.67 with high volume.
Traders should now look for long-biased trades in NGLS once it sustains a move or close above $36.67 with volume that hits near or above 438,973 shares. If that breakout triggers soon, then NGLS will set up to re-test or possibly take out its next major overhead resistance levels at $39.36 to $41.18. On the flipside, traders should look for short-biased trades if NGLS fails to trigger that breakout and then drops back below its near-term support at $34.76 with high volume.
(AGX - Get Report)
This company provides a range of development, consulting, engineering, procurement, construction, commissioning, operating and maintenance services to the power energy market. This stock is trading up 1.5% at $18.59 in recent trading.
Today's Volume: 225,000
Average Volume: 76,305
Volume % Change: 163%
From a technical perspective, AGX is bouncing modestly higher here right above its 50-day moving average of $17.36 with heavy upside volume. This move has also started to push AGX into breakout territory, since the stock has taken out some near-term overhead resistance at $18.60. At last check, AGX has hit an intraday high of $18.93 and volume is well above its three-month average action of 76,305 shares.
Traders should now look for long-biased trades in AGX as long as it's trending above $17.36, and then once it sustains a move or close above $18.60 to $18.93 with volume that hits near or above 76,305 shares. If that breakout triggers soon, then AGX will set up to trend north of $20 in the near future.