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CVR Energy Crosses Above its 10-day MA (CVI)

By Nick Russo

CVR Energy (NYSE:CVI) shares have crossed bullishly above their 10-day moving average of $20.61 on a volume of 109K 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, CVR Energy has traded in a range of $12.03 to $48.37 and is now at $20.73, 72% above that low. 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