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Transglobe Energy Shares Down 23.9% Since SmarTrend's Sell Call (TGA)
[February 28, 2013]

Transglobe Energy Shares Down 23.9% Since SmarTrend's Sell Call (TGA)

Feb 28, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Transglobe Energy (NASDAQ:TGA) on November 28th, 2012 at $10.27. In approximately 3 months, Transglobe Energy has returned 23.86% as of today's recent price of $7.82.

Transglobe Energy share prices have moved between a 52-week high of $14.46 and a 52-week low of $7.37 and are now trading 6% above that low price at $7.82 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1.3%.

TransGlobe Energy Corporation is a Calgary-based, growth-oriented oil and gas exploration and development company focused on the Middle East/North Africa region with production operations in the Arab Republic of Egypt and the Republic of Yemen.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Transglobe Energy.

Log in and add Transglobe Energy (TGA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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