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EnergySolutions Crosses Below its 10-day MA (ES)

By David Diaz

Today, shares of EnergySolutions (AMEX:ES) have fallen below their 10-day MA of $58.39 on a volume of 164K 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.

In the past 52 weeks, EnergySolutions share prices have been bracketed by a low of $44.64 and a high of $60.44 and are now at $58.12, 30% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of EnergySolutions on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.62. Since that recommendation, shares of EnergySolutions have risen 3.3%. 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