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Enbridge Crosses Below its 10-day MA (ENB)

By Amy Schwartz

Enbridge (NYSE:ENB) shares have crossed bearishly below their 10-day moving average of $38.97 on a volume of 2.2 million shares. Swing traders may find 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 41% above that low price at $38.56 per share. The 200-day and 50-day moving averages have moved 0.27% lower and 1.82% higher over the past week, respectively.

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

Keywords: moving crosses enbridge

Ticker(s): ENB