Momentum Stocks: Encana Corporation (NYSE:ECA), Echo Therapeutics (NASDAQ:ECTE), Public Storage (NYSE:PSA), Ceres (NASDAQ:CERE), LogMeIn (NASDAQ:LOGM)


On Thursday shares of Encana Corporation (NYSE:ECA) closed at $11.47. Company’s sales growth for last 5 years was -6.30%. On 1 April, Encana Corporation (NYSE:ECA) and the Cutbank Ridge Partnership (“CRP”), a partnership between Encana and a subsidiary of Mitsubishi Corporation, have completed the previously announced sale of certain natural gas gathering and compression assets supporting development in the Montney area of northeastern British Columbia to Veresen Midstream Limited Partnership (“Veresen Midstream”), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”).

Echo Therapeutics, Inc. (NASDAQ:ECTE) in last trading activity advanced 8.46% to close at $2.18. Company weekly performance is -15.99% while its quarterly performance stands at 61.48%. Echo Therapeutics, Inc. (NASDAQ:ECTE) is -37.18% away from its 52 week high. On 30 March, Echo Therapeutics, Inc. (NASDAQ:ECTE) announced that it has achieved its wireless mobile communication milestone, making it now possible for its continuous glucose sensor to transmit data to any mobile platform.

On last trading day Public Storage (NYSE:PSA) advanced 0.69% to close at $197.31. Its volatility for the week is 1.38% while volatility for the month is 1.65%. PSA’s sales growth for past 5 years was 6.40% and its EPS growth for past 5 years was 1.10%. Public Storage (NYSE:PSA) monthly performance is 1.86%. Public Storage (NYSE:PSA) had its price objective raised by Citigroup Inc. from $190.00 to $210.00 in a research report released on Tuesday morning. Citigroup Inc. currently has a neutral rating on the stock.

Ceres, Inc. (NASDAQ:CERE) has 0.80% insider ownership while its institutional ownership stands at 28.40%. In last trading activity company’s stock closed at $0.33. On 26 March, Ceres, Inc. (NASDAQ:CERE) announced that its biotech sugarcane traits have been advanced to the next stage of testing ahead of schedule due to positive data from initial field evaluations under tropical conditions in Latin America. Leading product candidates are currently being multiplied for wider-scale field evaluations which are scheduled to begin in May and June 2015.

On last trading day LogMeIn, Inc. (NASDAQ:LOGM) decreased -1.00% to close at $55.42. Its volatility for the week is 2.33% while volatility for the month is 2.42%. LOGM’s sales growth for past 5 years was 24.40% and its EPS growth for past 5 years was -9.10%. LogMeIn, Inc. (NASDAQ:LOGM) monthly performance is 4.08%. On 1 April, LogMeIn, Inc. (NASDAQ:LOGM) has introduced Rescue Lens, a new video-aided support capability aimed at addressing the rapidly expanding world of connected products – and the new needs of today’s connected customer. As part of LogMeIn Rescue, the premier professional remote support solution, Rescue Lens delivers on LogMeIn’s new Support-of-Things initiative.


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