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EnCana (ECA) break-up plan back on track |
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| Sep 11, 2009 06:20 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Major movement, Good news, Options, Technical Analysis, Oil  EnCana (NYSE: ECA - option chain) shares are rising today after the company announced it is planning to split into two companies: a natural gas producer and an integrated oil firm. ECA had originally planned to do this a year ago, but halted the plan after the financial crisis made the move more difficult. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on ECA.ECA opened this morning at $58.27. So far today the stock has hit a low of $57.64 and a high of $59.00. As of 11:40, ECA is trading at $58.52 up $3.89 (7.1%). The chart for ECA looks bullish and S&P gives ECA a positive 4 STARS (out of 5) buy ranking. Continue reading EnCana (ECA) break-up plan back on track EnCana (ECA) break-up plan back on track originally appeared on BloggingStocks on Fri, 11 Sep 2009 13:20:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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