13.7% Return Seen to Date on SmarTrend ECA Marcellus Trust Call (ECT)
SmarTrend identified a Downtrend for ECA Marcellus Trust (NYSE:ECT) on August 22nd, 2012 at $20.00. In approximately 3 months, ECA Marcellus Trust has returned 13.65% as of today's recent price of $17.27.
In the past 52 weeks, shares of ECA Marcellus Trust have traded between a low of $15.41 and a high of $26.94 and are now at $17.27, which is 12% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
ECA Marcellus Trust I is a statutory trust. The trust owns royalty interests in horizontal shale natural gas wells in Pennsylvania.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of ECA Marcellus Trust.
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