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

By Amy Schwartz

Today, shares of ENSCO International (NYSE:ESV) have advanced above their 10-day MA of $8.66 on a volume of 1.7 million shares. Swing traders may find an opportunity 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 $8.78, 21% 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 recommended that its subscribers protect gains by selling shares of ENSCO International on April 5th, 2016 by issuing a Downtrend alert when the shares were trading at $9.63. Since that call, shares of ENSCO International have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses ensco international

Ticker(s): ESV