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

By Shiri Gupta

CVR Energy (NYSE:CVI) crossed over its 10-day moving average of $14.76 on a volume of 107K shares. Swing traders may find 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 $13.01 to $48.37 and is now at $14.97, 15% above that low. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 0.5%.

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

Keywords: moving crosses cvr energy

Ticker(s): CVI