Today TransCanada (TRP) Hits New Lifetime High

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Trade-Ideas LLC identified TransCanada ( TRP) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified TransCanada as such a stock due to the following factors:

  • TRP has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $90.1 million.
  • TRP has traded 10,444 shares today.
  • TRP is trading at a new lifetime high.

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More details on TRP:

TransCanada Corporation operates as an energy infrastructure company in North America. The company operates in three segments: Natural Gas Pipelines, Oil Pipelines, and Energy. The stock currently has a dividend yield of 3.3%. TRP has a PE ratio of 23.5. Currently there are 2 analysts that rate TransCanada a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for TransCanada has been 781,800 shares per day over the past 30 days. TransCanada has a market cap of $38.1 billion and is part of the basic materials sector and energy industry. The stock has a beta of 0.66 and a short float of 0.5% with 2.30 days to cover. Shares are up 18.5% year-to-date as of the close of trading on Tuesday.

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