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Enerplus Resources Fund Bullish Moving Average Crossover Alert (ERF)

By Shiri Gupta

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

Ticker(s): ERF