Written on Fri, 03/12/2010 - 11:26am
By Chip Brian
Today, shares of ENSCO International (NYSE:ESV) have crossed bullishly above their 10-day moving average of $45.59 on volume of 491 thousand shares.
This may provide swing traders with an opportunity for a long position as such a crossover often suggests higher prices in the near term. Watch for a close above this moving average level for confirmation.
SmarTrend issued an Uptrend Alert for ENSCO International on February 19, 2010 at $42.98. In approximately 2 weeks, ENSCO International has returned 6.7% as of today's recent price of $45.85.
We will continue to monitor ESV's share price relative to this moving average.
Keywords: Stock research report chart fundamental technical analysis
Ticker(s): ESV
