EnergySolutions Bearish Moving Average Crossover Alert (ES)
Friday, March 12, 2010 - 11:25
Written on Fri, 03/12/2010 - 11:25am
By Chip Brian

Today, shares of EnergySolutions (NYSE:ES) have crossed bearishly below their 10-day moving average of $5.86 on volume of 1 million shares.
This may provide swing traders with an opportunity for a short position as such a crossover often suggests lower prices in the near term. Watch for a close below this moving average level for confirmation.
SmarTrend issued a Downtrend Alert for EnergySolutions on February 10, 2010 at $7.16. In approximately 4 weeks, EnergySolutions has returned 20.3% as of today's recent price of $5.71.
We will continue to monitor ES's share price relative to this moving average.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ES

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