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Bullish Moving Average Cross by EnergySolutions (ES)

By David Diaz

EnergySolutions (AMEX:ES) shares have crossed bullishly above their 10-day moving average of $62.31 on a volume of 198K 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.

In the past 52 weeks, shares of EnergySolutions have traded between a low of $44.64 and a high of $62.98 and are now at $62.55, which is 40% above that low price. 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 recommended that subscribers consider buying shares of EnergySolutions on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.38. Since that recommendation, shares of EnergySolutions have risen 14.3%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amex:es energysolutions

Ticker(s): ES