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Downtrend Call Working As Covenant Trans-A Stock Falls 12.0% (CVTI)

By Shiri Gupta

SmarTrend identified a Downtrend for Covenant Trans-A (NASDAQ:CVTI) on October 1st, 2019 at $16.08. In approximately 4 months, Covenant Trans-A has returned 12.04% as of today's recent price of $14.14.

In the past 52 weeks, shares of Covenant Trans-A have traded between a low of $12.35 and a high of $24.99 and are now at $14.14, which is 14% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 1%.

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