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Covenant Trans-A Shares Down 22.2% Since SmarTrend's Sell Call (CVTI)

By David Diaz

SmarTrend identified a Downtrend for Covenant Trans-A (NASDAQ:CVTI) on March 4th, 2019 at $22.76. In approximately 2 months, Covenant Trans-A has returned 22.17% as of today's recent price of $17.71.

Covenant Trans-A share prices have moved between a 52-week high of $35.19 and a 52-week low of $17.17 and are now trading 3% above that low price at $17.71 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.7%.

Covenant Transportation Group, Inc. operates as a truckload carrier. The Company offers temperature-controlled transportation service for shippers primarily in the frozen food and consumer products industries. Covenant Transportation Group serves customers in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Covenant Trans-A.

Log in and add Covenant Trans-A (CVTI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights covenant trans-a

Ticker(s): CVTI