Upgrade Alert for EnergySolutions (ES)
EnergySolutions (AMEX:ES) was upgraded from Neutral to Buy at Janney Montgomery today. The stock closed yesterday at $59.03 on volume of 1.9 million shares, above average daily volume of 1.6 million.
EnergySolutions provides technical services to the nuclear industry.
In the past 52 weeks, EnergySolutions share prices have been bracketed by a low of $44.64 and a high of $60.44 and closed yesterday at $59.03, 32% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.2%.
EnergySolutions (AMEX:ES) is currently priced 9.0% above its average consensus analyst price target of $53.70. EnergySolutions shares have support at the 50-day moving average (MA) of $56.65 and additional support at the 200-day MA of $52.12.
SmarTrend recommended that subscribers consider buying shares of EnergySolutions on June 9th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.62. Since that recommendation, shares of EnergySolutions have risen 3.3%. We continue to monitor ES for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades amex:es energysolutions