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After Yesterday's Decline of 1.15%, Ensco Plc-Cl A Offers Investors Better Value

By Amy Schwartz

Ensco Plc-Cl A (NYSE:ESV) traded in a range yesterday that spanned from a low of $6.49 to a high of $6.86. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $6.91 on volume of 7.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that its subscribers protect gains by selling shares of Ensco Plc-Cl A on October 24th, 2018 by issuing a Downtrend alert when the shares were trading at $7.58. Since that call, shares of Ensco Plc-Cl A have fallen 8.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Ensco Plc-Cl A share prices have moved between a 52-week high of $9.51 and a 52-week low of $4.10 and are now trading 67% above that low price at $6.83 per share. The 200-day and 50-day moving averages have moved 0.17% higher and 0.41% higher over the past week, respectively.

Keywords: rebounders ensco plc-cl a

Ticker(s): ESV