SmarTrend Detects Continued Selling Pressure in Shares of Covanta (CVA)
Friday, March 12, 2010 - 07:54
Written on Fri, 03/12/2010 - 7:54am
By Chip Brian

SmarTrend identified a Downtrend for Covanta (NYSE:CVA) on January 28, 2010 at $17.99. In approximately 1 month, Covanta has returned 3.2% as of today's recent price of $17.41.
Covanta is currently below its 50-day moving average of $18.00 and should find support at its 200-day moving average of $17.36. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Covanta.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): CVA

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