Stock to Watch: EnergySolutions Up 9.8% (ES)

Aug 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- EnergySolutions (NYSE:ES) is one of today's best performing low-priced stocks, up 9.8% to $2.01 on 1.6x average daily volume. Thus far today, EnergySolutions has traded 1.8 million shares, vs. average volume of 1.1 million shares per day. The stock has outperformed the Dow (9.8% to the Dow's -0.1%) and outperformed the S&P 500 (9.8% to the S&P's -0.1%) during today's trading.

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There is potential upside of 99.0% for shares of EnergySolutions based on a current price of $2.01 and an average consensus analyst price target of $4.00. The stock should find resistance at its 200-day moving average (MA) of $3.35, as well as support at its 50-day MA of $1.90.

EnergySolutions provides technical services to the nuclear industry.

Over the past year, EnergySolutions has traded in a range of $1.43 to $5.43 and is now at $2.01, 41% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 6.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of EnergySolutions on April 10th, 2012 by issuing a Downtrend alert when the shares were trading at $4.23. Since that call, shares of EnergySolutions have fallen 56.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

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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