Large Inflow of Money Witnessed in Enbridge Inc

Enbridge Inc (NYSE:ENB) witnessed a selling pressure and the shares last traded with a loss of -0.06 points or -0.14% at $41.95. Investors jumped in to buy the shares on weakness. The net money flow till latest update was calculated at $4.17 million with an inflow of $5.18 million in upticks and an outflow of $1.01 million in downticks. Using the data, the up/down ratio is found to be 5.15. The share price has recorded 2.02% on a weekly basis.A block trade of $4.2 million in uptick and $0 million in downtick was also observed, resulting in an up/down ratio of 0. The net money flow of the block trade stood at a $4.2, signaling heavy buying.


The stock has recorded a 20-day Moving Average of 2.74% and the 50-Day Moving Average is 4.02%. The company shares have dropped 12.99% in the past 52 Weeks. On June 25, 2015 The shares registered one year high of $49.09 and one year low was seen on January 20, 2016 at $27.43. The 50-day moving average is $40.68 and the 200 day moving average is recorded at $36.5. S&P 500 has rallied 1.93% during the last 52-weeks.

Enbridge Inc (NYSE:ENB): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.89 and $41.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.33, notching a gain of 0.76% for the day. The total traded volume was 932,569 . The stock had closed at $42.01 on the previous day.

Institutional Investors own 67.7% of Enbridge Inc shares.

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.

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