Tears_For_Greed

ECA - Time to go Long?

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NYSE:ECA   None
3
After 2.5 years ECA reversed its downtrend. At the end of January with deteriorating Natural Gas prices ECA price started going down and with oil prices slipping at the beginning of March the stock price continued the downtrend. While natural gas price started trending up the stock did not reflect that and continued to follow Oil Prices. It appears that when NG price goes down ECA went down, when NG price recover it diverges with oil price. Technically the stock price is hovering at the 200 dma.
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