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Bearish Moving Average Cross by EnergySolutions (ES)

By Amy Schwartz

Today, shares of EnergySolutions (AMEX:ES) have fallen below their 10-day MA of $54.30 on a volume of 300K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, EnergySolutions share prices have been bracketed by a low of $44.64 and a high of $60.44 and are now at $54.01, 21% above that low price. The 200-day and 50-day moving averages have moved 0.36% higher and 0.24% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of EnergySolutions on August 5th, 2016 by issuing a Downtrend alert when the shares were trading at $57.06. Since that call, shares of EnergySolutions have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses amex:es energysolutions

Ticker(s): ES