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Shares of ENSCO International Fall Below Previous 52-Week Low

By Nick Russo

Shares of ENSCO International (NYSE:ESV) traded today at $7.04, breaking its 52-week low. So far today approximately 2.2 million shares have been exchanged, as compared to an average 30-day volume of 15 million shares.

In the past 52 weeks, shares of ENSCO International have traded between the current low of $7.04 and a high of $28.40 and are now at $7.15. The 200-day and 50-day moving averages have moved 1.18% lower and 1.86% higher over the past week, respectively.

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.

ENSCO International (NYSE:ESV) has potential upside of 131.6% based on a current price of $7.15 and analysts' consensus price target of $16.56. ENSCO International shares should first meet resistance at the 50-day moving average (MA) of $10.61 and find additional resistance at the 200-day MA of $13.75.

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 24.5%. 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