Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Ensco International Inc. (ESV) -- Ignore unavailable to you. Want to Upgrade?

To: shust who wrote (1721)	3/21/1999 2:02:00 PM
From: David Blocher	Read Replies (1) \| Respond to of 2005

ESV has resistance at $12 that is due to the 200 day moving average being at $12. Once we close above $12 there will probably be a quick move up to at least $15. I think this will happen this week if the price of oil keeps moving up or at least holds its current level. A close above $12 will also give institutions confidence that the bottom has been reached. Many institutions won't buy stocks trading in single digits. With the likes of RDC, ESV and GLM moving into the teens it should increase their attractiveness to mutual fund managers. Best Regards