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Watch for Ensco Plc-Cl A to Potentially Rebound After Falling 1.15% Yesterday

By David Diaz

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.

In the past 52 weeks, shares of Ensco Plc-Cl A have traded between a low of $4.10 and a high of $9.51 and are now at $6.83, which is 67% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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.

Keywords: rebounders ensco plc-cl a

Ticker(s): ESV