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Stocks With Rising Relative Strength: Encana

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Encana ( ECA ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Thursday, rising from 68 to 77.

[ibd-display-video id=2360792 width=50 float=left autostart=true] This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their largest runs. See if Encana can continue to rebound and hit that benchmark.

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Encana is building a consolidation with a 13.95 buy point . See if it can break out in volume at least 40% above average.

The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 80%. Revenue rose from 71% to 198%. The next quarterly results are expected on or around Nov. 3.

The company holds the No. 1 rank among its peers in the Oil & Gas-International Exploration & Production industry group. Encana ( ECA ) and Canadian Natural Resources ( CNQ ) are also among the group's highest-rated stocks.

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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.


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

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