Tag Archives: watchlist

Targa Resources Prtn Units (NGLS) – Added to Watch List for Long Setup

2 May

Added Targa Resources (NGLS) to my watchlist tonight.

The stock has pulled back to the 50 day moving average after hitting an all time high of $49.24 on 4/22. Today’s closing candle shows a potential reversal sitting on the 50 day moving average as well as support at $44.45 . If we open up tomorrow on NGLS stock, I may look to go long with a stop at $44.35 – slightly below the low of yesterday’s candle.

Here is Targa Resources’s stock chart for today:

Targa Resources Stock Chart - May 2, 2013

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Halcon Resources Corporation (HK) – Added to watchlist

2 May

Halcon Resources Corporation’s stock took a massive tumble today falling more than 10% intraday. Must have been some bad news.

But, I like the way the day ended with a long wick candle near resistance area. This stock is clearly on a downtrend since it hit it’s high in Feb 9, 2012. But, I’m looking for a nice bounce off resistance.

If the stock opens up early tomorrow, I may go long 500 shares with a stop below today’s closing price. Price target of $6 which is new resistance.

Here is Halcon Resource Corporation’s stock chart today:

Halcon Resources Corporation Stock Chart - May 02, 2013