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Bullish Moving Average Cross by Ensco Plc-Cl A (ESV)

By David Diaz

Ensco Plc-Cl A (NYSE:ESV) crossed over its 10-day moving average of $6.26 on a volume of 5.1 million 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, Ensco Plc-Cl A share prices have been bracketed by a low of $4.10 and a high of $7.60 and are now at $6.50, 59% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.6%.

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

Keywords: moving crosses ensco plc-cl a

Ticker(s): ESV