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Shares of ENSCO International Fall Below Previous 52-Week Low

By Amy Schwartz

Shares of ENSCO International (NYSE:ESV) traded at a new 52-week low today of $5.58. This new low was reached on below average trading volume as 2 million shares traded hands, while the average 30-day volume is approximately 15 million shares.

Over the past year, ENSCO Internationalhas traded in a range of $5.58 to $28.40 and are now at $5.62. The 200-day and 50-day moving averages have moved 1.18% lower and 1.86% higher over the past week, respectively.

ENSCO International has overhead space with shares priced $5.62, or 48.2% below the average consensus analyst price target of $10.85. The stock should find initial resistance at its 50-day moving average (MA) of $10.61 and further resistance at its 200-day MA of $13.75.

ENSCO International Incorporated is an international offshore contract drilling company. The Company's operations are concentrated in the geographic regions of Asia Pacific (which includes Asia, the Middle East, Australia and New Zealand), Europe/Africa and North and South America.

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 42.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ensco international

Ticker(s): ESV