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45.3% Return Seen to Date on SmarTrend Covanta Holding Call (CVA)

By James Quinn

SmarTrend identified a Downtrend for Covanta Holding (NYSE:CVA) on July 26th, 2019 at $16.34. In approximately 8 months, Covanta Holding has returned 45.27% as of today's recent price of $8.94.

In the past 52 weeks, shares of Covanta Holding have traded between a low of $8.00 and a high of $18.38 and are now at $8.94, which is 12% above that low price. The 200-day and 50-day moving averages have moved 0.97% lower and 3.23% lower over the past week, respectively.

Covanta Holding Corporation conducts operations in waste disposal, energy services, and specialty insurance. The Company also owns and operates waste-to-energy and power generation projects. Covanta's waste-to-energy facilities convert municipal solid waste into renewable energy for communities primarily 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 Covanta Holding.

Log in and add Covanta Holding (CVA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights covanta holding

Ticker(s): CVA