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 ยป



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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