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Cvr Energy Inc Bearish Moving Average Crossover Alert (CVI)

By James Quinn

Cvr Energy Inc (NYSE:CVI) shares have crossed bearishly below their 10-day moving average of $43.90 on a volume of 128K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Cvr Energy Inc share prices have moved between a 52-week high of $47.67 and a 52-week low of $16.75 and are now trading 160% above that low price at $43.49 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.7% while the 50-day MA has advanced 3.5%.

SmarTrend recommended that subscribers consider buying shares of Cvr Energy Inc on April 6th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.71. Since that recommendation, shares of Cvr Energy Inc have risen 42.1%. We continue to monitor CVI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cvr energy inc

Ticker(s): CVI