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Bearish Two Hundred Day Moving Average Cross - CVA

By Market News Video Staff, Wednesday, May 25, 11:12 AM ET
Now Playing: Learn About The 200 DMA


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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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