Enerplus Resources Fund Bullish Moving Average Crossover Alert (ERF)
Enerplus Resources Fund (NYSE:ERF) crossed over its 10-day moving average of $6.43 on a volume of 335K 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, Enerplus Resources Fund share prices have been bracketed by a low of $1.84 and a high of $12.67 and are now at $6.58, 258% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 4.4%.
SmarTrend is tracking the current trend status for Enerplus Resources Fund and will alert subscribers who have ERF in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses enerplus resources fund