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Ensco Plc-Cl A Rises 2.11% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Ensco Plc-Cl A (NYSE:ESV) traded in a range yesterday that spanned from a low of $6.82 to a high of $7.03. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $6.93 on volume of 7.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Ensco Plc-Cl A has traded in a range of $4.10 to $12.04 and is now at $7.00, 71% above that low. The 200-day and 50-day moving averages have moved 1.18% lower and 1.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Ensco Plc-Cl A on April 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.36. Since that recommendation, shares of Ensco Plc-Cl A have risen 28.3%. We continue to monitor ESV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ensco plc-cl a

Ticker(s): ESV