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Bearish Two Hundred Day Moving Average Cross - CVA

By Market News Video Staff, Wednesday, May 25, 11:12 AM ET
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In trading on Wednesday, shares of Covanta Holding Corp (NYSE:CVA) crossed below their 200 day moving average of $16.29, changing hands as low as $16.13 per share. Covanta Holding Corp shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of CVA shares, versus its 200 day moving average:

Covanta Holding Corp 200 Day Moving Average Chart

Looking at the chart above, CVA's low point in its 52 week range is $13.38 per share, with $18.87 as the 52 week high point — that compares with a last trade of $16.26.

According to the ETF Finder at ETF Channel, CVA makes up 3.18% of the iShares S&P Global Clean Energy Index Fund ETF (NASDAQ:ICLN) which is trading lower by about 0.6% on the day Wednesday.

     See what other ETFs contain CVA »
     See what other stocks are held by ICLN »

CVA operates in the Electric Utilities sector, among companies like Companhia Paranaense De Energia - COPEL (NYSE:ELP) which is down about 0.1% today, and Companhia Energetica de Minas Gerais - CEMIG (NYSE:CIG) trading lower by about 1.5%. Below is a three month price history chart comparing the stock performance of CVA, versus ELP and CIG.

CVA,ELP,CIG Relative Performance Chart


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This Article's Word Cloud:   Below   CHANNEL   Channel   Companhia   Corp   Covanta   Energy   FLEXIBLE   Gerais   Growth   Holding   ICLN   NYSE   Start   Utilities   Wednesday   about   anywhere   asset   average   below   chart   crossed   designed   down   everywhere   flexibility   follow   high   iShares   lower   moving   other   performance   point   portfolio   regions   share   shares   stock   stocks   that   their   today   trading   versus   week   what   which   with
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