TEGP Makes Bullish Cross Above Critical Moving Average

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In trading on Monday, shares of Tallgrass Energy GP LP (Symbol: TEGP) crossed above their 200 day moving average of $25.72, changing hands as high as $26.06 per share. Tallgrass Energy GP LP shares are currently trading up about 2.5% on the day. The chart below shows the one year performance of TEGP shares, versus its 200 day moving average: Tallgrass Energy GP LP 200 Day Moving Average Chart

Looking at the chart above, TEGP’s low point in its 52 week range is $21.7901 per share, with $29.50 as the 52 week high point – that compares with a last trade of $26.00. According to the ETF Finder at ETF Channel, TEGP makes up 3.95% of the High Income Infrastructure MLP ETF (Symbol: YMLI) which is trading up by about 1.5% on the day Monday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »

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