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Actionable news in ECA: ENCANA CORPORATION,

Encana (ECA) Stock Is Monday's 'Chart of the Day'

NEW YORK (TheStreet) -- Shares of Encana (ECA) were higher in early-afternoon trading on Monday.

The Calgary, Canada-based natural gas, oil and natural gas liquids producer last month reported higher-than-expected earnings for the 2016 second quarter.

Encana reported earnings of 10 cents per share, beating analysts' estimated losses of 8 cents per share. Revenue came in at $364 million, surpassing Wall Street's projected $775.32 million.

TheStreet's Chris Versace and Bob Lang of Trifecta Stocks have identified Encana as the "Chart of the Day." Here is what Versace and Lang had to say about the stock:

A very powerful move above resistance has Encana looking for higher ground...