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ENI SpA Falls 3.07% on Heavy Volume: Watch For Potential Rebound
[April 13, 2012]

ENI SpA Falls 3.07% on Heavy Volume: Watch For Potential Rebound

Apr 13, 2012 (SmarTrend(R) News Watch via COMTEX) -- ENI SpA (NYSE:E) traded in a range yesterday that spanned from a low of $42.17 to a high of $43.06. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $42.87 on volume of 982,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.

SmarTrend is monitoring the recent change of momentum in ENI SpA. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of ENI SpA in search of a potential trend change.

Over the past year, ENI SpA has traded in a range of $32.44 to $53.80 and is now at $42.26, 30% above that low. The 200-day and 50-day moving averages have moved 0.06% lower and 0.16% lower over the past week, respectively.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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