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Watch for Continued Gains in Shares of EnergySolutions (ES)

By Nick Russo

Shares of EnergySolutions (AMEX:ES) traded today at $63.34, breaking its 52-week high. So far today approximately 74,000 shares have been exchanged, as compared to an average 30-day volume of 1.6 million shares.

Based on a current price of $63.00, EnergySolutions is currently 6.8% above its average consensus analyst price target of $58.74. The stock should discover initial support at its 50-day moving average (MA) of $56.65 and subsequent support at its 200-day MA of $52.12.

EnergySolutions provides technical services to the nuclear industry.

Over the past year, EnergySolutions has traded in a range of $44.64 to $63.34 and is now at $63.00, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of EnergySolutions on December 13th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.38. Since that recommendation, shares of EnergySolutions have risen 16.3%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows amex:es energysolutions

Ticker(s): ES