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

By Shiri Gupta

ENSCO International (NYSE:ESV) shares have crossed bearishly below their 10-day moving average of $30.26 on a volume of 1.0 million shares. Swing traders may find 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 $25.88 to $57.45 and is now at $30.30, 17% above that low. The 200-day and 50-day moving averages have moved 0.39% lower and 0.84% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in ENSCO International. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ENSCO International in search of a potential trend change.

Keywords: moving crosses ensco international

Ticker(s): ESV