ECA Marcellus Trust (NYSE:ECT) is one of today's biggest movers, down 2.4% to $17.00. The S&P is trading fractionally lower to 1,406 and the Dow is trading fractionally lower to 12,965.
ECA Marcellus Trust (NYSE:ECT) is currently priced 17.6% above its average consensus analyst price target of $14.00. The stock should find initial resistance at its 50-day moving average (MA) of $19.56 and further resistance at its 200-day MA of $19.93.
In the past 52 weeks, ECA Marcellus Trust share prices have been bracketed by a low of $15.41 and a high of $26.94 and are now at $17.00, 10% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.
ECA Marcellus Trust I is a statutory trust. The trust owns royalty interests in horizontal shale natural gas wells in Pennsylvania.
