ESV Runs Out of the Gates
Posted on Thu 14th Dec, 2006 09:56:06 AM
Well, didn’t take too long for our oil sector picks to start moving, and shares of Ensco International (ESV) are now trading above $55, up over a point or about 2% on the day. If you didn’t take your position with the break above $54 yesterday, wait now until the MACD claims the stock is oversold (as it is way overbought currently) then grab a position. My guess is if you are lucky you may be able to grab some around $54.50 or .60.
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