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Cvr Energy Inc Bearish Moving Average Crossover Alert (CVI)

By Nick Russo

Today, shares of Cvr Energy Inc (NYSE:CVI) have crossed bearishly below their 10-day moving average of $35.27 on a volume of 175K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cvr Energy Inc has traded in a range of $17.08 to $47.67 and is now at $34.05, 99% above that low. The 200-day and 50-day moving averages have moved 0.33% higher and 0.82% lower over the past week, respectively.

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

Keywords: moving crosses cvr energy inc

Ticker(s): CVI