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ENSCO International Crosses Above its 10-day MA (ESV)

By Amy Schwartz

Today, shares of ENSCO International (NYSE:ESV) have crossed bullishly above their 10-day moving average of $9.98 on a volume of 2.7 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, ENSCO International has traded in a range of $7.25 to $28.40 and is now at $10.29, 42% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.9%.

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

Keywords: moving crosses ensco international

Ticker(s): ESV