Canadian stock alert

CANA

CLOSING UPDATE: Encana up 2.1% in 2 days 24 July 2017 18:21 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Encana, Canada's 2nd largest oil & gas - exploration & production company by market capitalisation, extended its gains on Monday, rising an additional 8.0c (or 0.6%) to trade at CAD12.42. Trading volume was 82% of average at the end of the day. The shares have risen 25.0c (or 2.1%) over the past two trading days vs. the S&P/TSX 60 Index which has fallen 1.0% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price climbed 4.7% in the last week and soared 13.8% in the last month.

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

Note

Encana today is at a discount of 31.2% to the 12-month high of CAD18.07 on 25 Jan, 2017. It is at a premium of 25.8% to the 12-month low of CAD9.87 on 27 Jul, 2016.

Bearish Signals:

The stock has underperformed 80% of the Canadian market over the past 6 months.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 2.8 [1.4]

Price to Book of 2.9 [0.7]

Dividend yield of 0.8% [2.2%]

TODAY'S ALERT

Afternoon Alert: Encana increases 1.3%, leads Oil & gas - exploration & production sector higher

24 July 2017 12:20 EDT

EnCana Corporation (TSX:ECA) has increased 1.3% to trade at CAD12.50 vs. the Oil & gas - exploration & production sector which strengthened 0.7 points (or 0.2%) to 318.1. Representing a weighting of about 9.5% of the sector, the stock accounted for 53.5% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 80% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Encana decreased gains by 1.0% on robust volume

21 July 2017 18:19 EDT

Encana, Canada's 2nd largest oil & gas - exploration & production company by market capitalisation, traded on heavy volume of 1.5 times average today while the price increased 17.0c (or 1.4%) to trade at CAD12.34. Compared with the S&P/TSX 60 Index which fell 4.9 points (or 0.6%) in the day, this represented a relative price increase of 1.9%.

Afternoon Alert: Encana lifts 2.4% on robust volume

21 July 2017 14:51 EDT

EnCana Corporation (TSX:ECA) traded on heavy volume of 1.6 times average so far today while the price lifted 29.0c (or 2.4%) to trade at CAD12.46.

EnCana Corporation (T:ECA; TSE:ECA; N:ECA; CN:ECA)

ISIN: CA2925051047

PermID: 4295860633

CIK: Encana Corporation

Source: www.BuySellSignals.com