Encana Corporation (ECA): $1.07 million was the positive money flow into the stock on Friday and the up/down ratio of ticks was also in favor of the bulls at 1.16. The value of trades done on upticks was $7.6 million, whereas, trades done on downticks were valued at $6.53 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.32 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $0.67 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 3.47 was strongly in favor of the bulls. The money flow in block trades was $1.65 million. Encana Corporation (ECA) fell $0.14 traded at $8.16, a change of -1.63% over the previous day. The stock is 1.94% for the week.
Encana Corporation (ECA) : The highest level Encana Corporation (ECA) is projected to reach is $15 for the short term and the lowest estimate is at $7. The consolidated price target from 13 rating analysts who initiate coverage on the stock is $9.27 and the possibility the share price can swing is $2.55.
Encana Corporation (NYSE:ECA): On Fridays trading session , Opening price of the stock was $8.38 with an intraday high of $8.39. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.06. However, the stock managed to close at $8.24, a loss of 0.60% for the day. On the previous day, the stock had closed at $8.29. The total traded volume of the day was 11,366,564 shares.
Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. Market Optimization sells all of the Companys upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin, and San Juan.