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

By Nick Russo

Today, shares of ENSCO International (NYSE:ESV) have crossed bearishly below their 10-day moving average of $8.29 on a volume of 3.3 million 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.

Over the past year, ENSCO International has traded in a range of $6.50 to $28.40 and is now at $7.95, 22% above that low. Over the past week, 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 February 8th, 2017 by issuing a Downtrend alert when the shares were trading at $9.91. Since that call, shares of ENSCO International have fallen 14.3%. 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