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Watch for EnCana to Potentially Rebound After Falling 1.12% Yesterday

By Nick Russo

EnCana (NYSE:ECA) traded in a range yesterday that spanned from a low of $10.56 to a high of $10.74. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $10.72 on volume of 13.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for EnCana and will alert subscribers who have ECA in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, shares of EnCana have traded between a low of $3.00 and a high of $14.73 and are now at $10.66, which is 255% above that low price. The 200-day and 50-day moving averages have moved 0.76% lower and 4.62% higher over the past week, respectively.

Keywords: rebounders encana

Ticker(s): ECA