Enbridge Inc (ENB) has been under a strong bear grip, hence the stock is down -0.64% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.06% in the past 1 week. The stock has risen by 2.58% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.77% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 0.25%.The 200 Day SMA reached 10.68%. Enbridge Inc. has dropped 1.33% during the last 3-month period . Year-to-Date the stock performance stands at 27.56%.
Enbridge Inc (NYSE:ENB): After opening at $39.97, the stock dipped to an intraday low of $39.85 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $41 and the buying power remained strong till the end. The stock closed at $40.99 for the day, a gain of 3.59% for the day session. The total traded volume was 1,416,302. The stocks close on the previous trading day was $39.57.
Enbridge Inc. (Enbridge) is an energy transportation and distribution company. The Company operates in five segments: Liquids Pipelines; Gas Distribution; Gas Pipelines, Processing and Energy Services; Sponsored Investments, and Corporate. Liquids Pipelines segment owns and operates crude oil and other liquid hydrocarbons pipelines and terminals. Gas Distribution consists of the Companys natural gas utility operations. Gas Pipelines, Processing and Energy Services segment consists of investments in natural gas pipelines, gathering and processing facilities and the Companys energy services businesses, along with renewable energy and transmission facilities. Sponsored Investments includes the Companys 33.7% economic interest in Enbridge Energy Partners, L.P. (EEP), and Enbridges interests in both the Eastern Access and Lakehead System Mainline expansion projects held through Enbridge Energy, Limited Partnership (EELP). The Corporate segment includes an investment in Noverco Inc.