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Covenant Trans-A Shares Down 11.0% Since SmarTrend's Sell Call (CVTI)

By James Quinn

SmarTrend identified a Downtrend for Covenant Trans-A (NASDAQ:CVTI) on October 1st, 2019 at $16.08. In approximately 5 months, Covenant Trans-A has returned 10.98% as of today's recent price of $14.31.

Over the past year, Covenant Trans-A has traded in a range of $11.97 to $24.99 and is now at $14.31, 20% above that low. The 200-day and 50-day moving averages have moved 0.43% lower and 0.33% higher over the past week, respectively.

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