Is the down movement for TransCanada Corp. (down 0.24 percent, TRP) a cause for concern?

[aislit5d0eo]

Summary Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendSee our recent article: How do I manage my trading risk?(Date Report Was Created: 2-Nov-2011)&nbspTransCanada Corp. (TRP)UtilitiesLast: 41.26 &nbsp(-0.10 pts, -0.24%)&nbsp&nbspOpen: 41.53 &nbspHigh: 41.74 &nbsplow: 40.84 &nbspGas Utilities Quick Summary The Stock is in Warning Phase. The Warning Phase occurs after the market has topped and is now showing weak signs of selling. The prices may have temporarily stopped rising. The stock has recovered 10.6% from its recent low price of 37.29 which occurred on 8-Aug-2011. A close above 20-day moving average of 42.08 could mark low of 37.29 as a recent low. The closest support can be found at 40.45. The closest resistance can be found at 44.04. See Support/Resistance below for details. How to trade TransCanada Corp.(TRP)? Breakout Trade: We would look for this stock to either close above 44.04 to go long or close below 40.45 to go short. Retracement Trade: Consider buying when the price retraces around 40.45. Consider selling/shorting when the price approaches 44.04. Risk Management: Consider risking somewhere between 1.557(3.77%) <a href="http://www.hotsalekey.com/Whole-Sales-Importers-Exporters.php?id=32"><strong>Excess Inventory on sales</strong></a> and 2.595(6.29%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock. Sign up for free membership to view complete report. (Available only for short time) Look up analysis for ANOTHER stock Donate to askStockGuru.com website. If you donate 50.00, you will help support us and also get our donors only newsletter for one year The exclusive newsletter for one year will consist of Graphical analysis to visually understand the stock market. Sector by sector analysis which highlights breakout stocks for each sector. Great for ideas. And our way to say thank you. Sign up for complete report Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friend&nbspTo view complete institutional style report and recommendation on TransCanada Corp.(TRP), pleaseSign up for free membership!!! If you have already registered, login now, to view the complete report. We evaluate over 4000 stocks everyday. Read our analysis for TRP and other stocks daily.Why not become a member ?For now, it is FREE!!! Technicals Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friend Market Phase:? Warning This indicator compares <a href="http://dvd-copy-dvd-clone-dvd-burn-dvd-backup.tomp4.com/"><strong>DVD Copy</strong></a> long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of TransCanada Corp. is in the Warning Phase. The market for TRP may have briefly paused from rising, and is now showing weak signs of selling. &nbspShort Term Trend: &nbsp&nbsp &nbsp(+5) The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. TransCanada Corp.(TRP) is currently mildly bullish.&nbsp3 Day Money Flow: &nbsp&nbsp &nbsp(-5) The money flowing for last 3 days in TRP has been mildly bearish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator. Snapshot Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendPhase:?Warning &nbspRelative Strength:&nbsp&nbsp &nbsp(+6) EPS Growth(yoy):&nbsp&nbsp &nbsp(+6) &nbspFundamental:&nbsp&nbsp &nbsp(+8) &nbspTo view complete report on TransCanada Corp.(TRP)please <a href="http://www.hotsalekey.com/Whole-Sales-Importers-Exporters.php?id=1420"><strong>Tools on sales</strong></a> sign up for free.If you have already registered, login now to view the complete report. askStockGuru TIPS Free Membership&nbsp&nbsp&nbsp&nbsp&nbspAdd to watchlist&nbsp&nbsp&nbsp&nbsp&nbspEmail to friendIf you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills. If you buy stocks, sell stocks, or trade stocks, you may have asked your self the following question: What does upside and downside breakout mean? Breakout is price movement of a stock through an identified level of support or resistance. The upside or downside breakouts are traded with the presumption that the move will continue. Traders who keep an eye on the upside or downside breakout, generally, look for increase in the volume( number of shares traded ) for the breakout bar. Higher this volume, bigger and stronger the breakout. The traders will buy the stock when the price breaks above a level of resistance and sell when it breaks below support. The traders may also buy the stock when the price bounces from a support level with higher volume. Similarly, The traders may also sell the stock if the price declines from a resistance level with noticeable increase in volume. A downside breakout is also referred to as breakdown. This is usually a bearish sign. askStockGuru tries to identify both breakouts and breakdowns. It also checks for increasing volume.