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Torch Energy Royalty Trust (TRU) - Buy, Sell or Hold?

Sector: Energy   Sub-Sector: Oil & Gas Production
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 11 Oct 2017NoneBullish EngulfingFri, 22 Sep 20178.4%
***Stock database and scans are updated around midnight (New York time) every trading day.
50.50 0.00 (0%) Oct 18 12:28pm EDT
Open: 49.80 Range: 49.63 - 50.58 Vol: 494.94K Avg Vol: 2.78M
EPS: 1.16 P/E ratio: 42.77 EBITDA: 636.70M Mkt Cap: 9.04B
Analyze "TRU" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 49.74
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 46.47
Last Trade is above the 50 day moving average at 46.68
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 40.93
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of TRU

Stock Trend Analysis - Buy, Sell or Hold "Torch Energy Royalty Trust" (TRU)?

TRU is in a very strong uptrend. In the last 52 weeks, TRU has been trading above the 200 day moving average for 86% of the time with an average daily volume of 2.8M shares being traded. In the medium term, the 50 day moving average, currently at 46.68 for TRU is also very bullish, indicating good swing trading opportunities for longs. The 20 day moving average is however indicating a predominance of range bound trading but still with a bullish bias. TRU may experience some profit taking due to its strong performance thus far, so it may be prudent to lighten up on strength or sudden upward momentum. Good places to re-enter TRU are at the 50 and 200 SMAs currently at 46.68 and 40.93 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "TRU".

The analyst consensus estimates for the 1 year price target for this stock is $47.88* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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