RE: this is surprising for sureWhy is it surprising at all? In fact, it is exactly as expected. When a stock in an uptrend breaks the 50 DMA that's almsot always a precursor for a correction. Take a look at the chart. The blue line is the 50 DMA....you can see EC broke it in late Jan, and then retested it, failing to break. That is textbook. It will almost certainly go down to retest the red line, the 200 DMA.
The fact that people would put their hard earned money in a stock without looking at the charts is mindboggling. That's like driving a car with a blindfold on.
