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Bullish Moving Average Cross by Cenovus Energy (CVE)

By James Quinn

Today, shares of Cenovus Energy (NYSE:CVE) have advanced above their 10-day MA of $13.79 on a volume of 486K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Cenovus Energy has traded in a range of $9.10 to $19.28 and is now at $14.02, 54% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 2.6%.

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

Keywords: moving crosses cenovus energy

Ticker(s): CVE