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Enbridge Bearish Moving Average Crossover Alert (ENB)

By Shiri Gupta

Today, shares of Enbridge (NYSE:ENB) have crossed bearishly below their 10-day moving average of $41.67 on a volume of 103K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Enbridge share prices have moved between a 52-week high of $52.89 and a 52-week low of $27.43 and are now trading 51% above that low price at $41.52 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has slid 0.3%.

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