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Bullish Moving Average Cross by ENSCO International (ESV)

By James Quinn

Today, shares of ENSCO International (NYSE:ESV) have crossed bullishly above their 10-day moving average of $10.54 on a volume of 1.3 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

ENSCO International share prices have moved between a 52-week high of $28.40 and a 52-week low of $7.25 and are now trading 51% above that low price at $10.97 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.9%.

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

Keywords: moving crosses ensco international

Ticker(s): ESV