Cenovus Energy Breaks Above 200-Day Moving Average - Bullish for CVE

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In trading on Friday, shares of Cenovus Energy Inc. (Symbol: CVE) crossed above their 200 day moving average of $28.51, changing hands as high as $28.55 per share. Cenovus Energy Inc. shares are currently trading up about 1.7% on the day. The chart below shows the one year performance of CVE shares, versus its 200 day moving average: Cenovus Energy Inc. 200 Day Moving Average Chart

Looking at the chart above, CVE's low point in its 52 week range is $25.52 per share, with $31.60 as the 52 week high point - that compares with a last trade of $28.51.

According to the ETF Finder at ETF Channel, CVE makes up 5.22% of the Guggenheim Canadian Energy Income ETF (Symbol: ENY) which is trading higher by about 0.5% on the day Friday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: CVE , ENY

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