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Shares of ENSCO International Has Fallen Below Previous 52-Week Low

By Amy Schwartz

Shares of ENSCO International (NYSE:ESV) traded today at $5.41, breaking its 52-week low. So far today approximately 3.6 million shares have been exchanged, as compared to an average 30-day volume of 15 million shares.

In the past 52 weeks, ENSCO International share prices have been bracketed by a current low of $5.41 and a high of $28.40 and are now at $5.43. Over the past week, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has advanced 1.9%.

There is potential upside of 99.8% for shares of ENSCO International based on a current price of $5.43 and an average consensus analyst price target of $10.85. 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.

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 42.5%. 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