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Stocks With Rising Relative Strength: Encana


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On Wednesday, Encana ( ECA ) got a positive adjustment to its Relative Strength ( RS ) Rating , from 69 to 73.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.

Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 as they begin their largest price moves. See if Encana can continue to show renewed price strength and clear that threshold.

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Encana is building a cup with handle with a 13.08 entry . See if the stock can break out in heavy trade.

The company reported negative growth for both the top and bottom lines last quarter.

Encana holds the No. 13 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Repsol ( REPYY ), CNOOC ( CEO ) and Occidental Petroleum ( OXY ) are among the top 5 highly rated stocks within the group.

RELATED:

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: ECA , RS , REPYY , CEO , OXY


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