CVA Dividend Yield Pushes Above 6% Thursday, December 28, 3:13 PM ET, by Market News Video Staff In trading on Thursday, shares of Covanta Holding Corp (CVA) were yielding above the 6% ...
CVA September 21st Options Begin Trading Monday, January 22, 2:15 PM ET, by Market News Video Staff Investors in Covanta Holding Corp (CVA) saw new options become available today, for the September ...
Relative Strength Alert For Covanta Holding
By Market News Video Staff, Thursday, June 29, 12:14 PM ET
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In trading on Thursday, shares of Covanta Holding Corp (NYSE:CVA) entered into oversold territory, hitting an RSI reading of 29.7, after changing hands as low as $13.15 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 50.9. A bullish investor could look at CVA's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CVA shares:
This Article's Word Cloud:AboutAccordingBuffettChannelCleanClickCorpCovantaETFsEnergyFindFinderGlobalHoldingICLNIndexKnowLegendaryLookingNYSEOversoldRelativeShouldStartStocksStrengthThursdayaboutbelowchartfearfulgreedyinvestorlookotherothersoversoldpointreadingsharesharesstockstocksthattradingweekwhatwhenwhichwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.