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Bullish Moving Average Cross by Enbridge (ENB)

By James Quinn

Enbridge (NYSE:ENB) shares have crossed bullishly above their 10-day moving average of $40.18 on a volume of 243K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Enbridge share prices have been bracketed by a low of $27.43 and a high of $52.89 and are now at $40.38, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.8%.

SmarTrend is monitoring the recent change of momentum in Enbridge. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Enbridge in search of a potential trend change.

Keywords: moving crosses enbridge

Ticker(s): ENB