ESV Shows Strength, Buy Above $54
Posted on Wed 13th Dec, 2006 11:32:37 AM
Another Oilgas-drilling company, shares of Ensco International (ESV) have moved up today nicely, up over 2% and trading right below $54 resistance. The stock has been in a range between $52 and $54 for the last few weeks, and a break above $54 today on strong volume would wave a very big bull flag. High on the day so far is $53.98, so keep an eye on the stock, and look to see if it can make the push above $54. This would be a great buypoint.
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