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Bullish Moving Average Cross by EnergySolutions (ES)

By Shiri Gupta

Today, shares of EnergySolutions (AMEX:ES) have advanced above their 10-day MA of $58.16 on a volume of 171K 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.

Over the past year, EnergySolutions has traded in a range of $44.64 to $60.44 and is now at $58.33, 31% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend is tracking the current trend status for EnergySolutions and will alert subscribers who have ES in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses amex:es energysolutions

Ticker(s): ES