If you are currently looking for stocks which may have gathered considerable momentum in the past few days then it might be time to start tracking the ECA Marcellus Trust I (OTCMKTS:ECTM) stock.
Market Action
On Monday, ECTM stock went up 9% to $0.97 with more than 25k shares, compared to its average volume of 39K shares. The stock has moved within a range of $0.8950 – 0.9700 after opening the trade at $0.8965.
Announces Quarterly Distribution
Yesterday, the stock was in action once again as the company made a key announcement and ended the day with gains of 9%. That took its gains for the past week to as much as 25%. The company announced on Monday that it was going to distribute as much as $0.76 per unit for the quarter that had ended on September 30, 2021.
The funds are going to be disbursed by ECA Marcellus Trust no later than November 30, 2021 to those who are holders of record as of November 19. In light of the announcement, it could be argued that investors might look into the stock up until November 19 and hence, it is likely that the ECA Marcellus Trust stock could be in considerable focus in the coming days.
As a matter of fact, the rally in the stock on Monday following the announcement could be an indication of the same. Investors could do well to add the ECA Marcellus Trust stock to their watch lists.
Traders Note
ECTM stock is trading above the 50-Day and 200-Day Moving averages of $0.80 and $0.71 respectively. However, the stock is trading below the 20-Day moving average of $0.45. The stock is up 93% over the past 3-month.
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