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Bullish Moving Average Cross by CVR Energy (CVI)

By Shiri Gupta

CVR Energy (NYSE:CVI) crossed over its 10-day moving average of $20.33 on a volume of 142K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of CVR Energy have traded between a low of $12.03 and a high of $48.37 and are now at $20.47, which is 70% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.5%.

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