Canadian stock alert

CANA

CLOSING UPDATE: Encana increases 0.9%, led Oil & gas - exploration & production sector higher 15 January 2018 18:23 EST

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, has increased 0.9% to trade at CAD17.60 vs. the Oil & gas - exploration & production sector which strengthened 2.4 points (or 0.7%) to 370.7. Representing a weighting of about 11.5% of the sector, the stock accounted for 15.0% of today's gain. The shares have outperformed 82% of the market in the past six months. Trading volume was 23% of average at the end of the day. Compared with the S&P/TSX 60 Index which rose 2.6 points (or 0.3%) in the day, this represented a relative price increase of 0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.61 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 2.3% discount to 12-month high of CAD18.02 against the 67.4% premium to 12-month low of CAD10.51 suggests the stock continues to push for new highs.

+ The price jumped 6.3% in the last week and soared 17.4% in the last month.

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is undervalued.

Note

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

Overvaluation:

Price/Sales of 3.4 [1.4]

Price to Book of 4.1 [0.8]

Dividend yield of 0.5% [2.1%]

TODAY'S ALERTS

Afternoon Alert: Encana increases 0.9% - outperforming 89% of stocks

15 January 2018 14:45 EST

EnCana Corporation (TSX:ECA) has increased 15.0c (or 0.9%) today to trade at CAD17.60 and has outperformed 89% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Afternoon Alert: Encana increases 0.9% - outperforming 89% of stocks

15 January 2018 12:15 EST

EnCana Corporation (TSX:ECA) has increased 15.0c (or 0.9%) today to trade at CAD17.60 and has outperformed 89% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

CLOSING UPDATE: Encana increases 1.6% - outperforming 83% of stocks

11 January 2018 18:21 EST

Encana, Canada's 2nd largest oil & gas - exploration & production company by market capitalisation, has increased 28.0c (or 1.6%) today to trade at CAD17.58 and has outperformed 83% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal. Compared with the S&P/TSX 60 Index which rose 3.0 points (or 0.3%) in the day, this represented a relative price increase of 1.3%.

Afternoon Alert: Encana lifts 2.1% on firm volume

11 January 2018 14:44 EST

EnCana Corporation (TSX:ECA) traded on heavy volume of 1.3 times average so far today while the price lifted 37.0c (or 2.1%) to trade at CAD17.67.

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

ISIN: CA2925051047

PermID: 4295860633

CIK: Encana Corporation

Source: www.BuySellSignals.com