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Bullish Moving Average Cross by CVR Energy (CVI)

By Nick Russo

CVR Energy (NYSE:CVI) shares have crossed bullishly above their 10-day moving average of $14.48 on a volume of 106K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

CVR Energy share prices have moved between a 52-week high of $48.37 and a 52-week low of $13.01 and are now trading 13% above that low price at $14.65 per share. The 200-day and 50-day moving averages have moved 0.96% lower and 0.53% lower over the past week, respectively.

SmarTrend is tracking the current trend status for CVR Energy and will alert subscribers who have CVI in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cvr energy

Ticker(s): CVI