Markets

CVE Makes Bullish Cross Above Critical Moving Average

In trading on Tuesday, shares of Cenovus Energy Inc. (TSX: CVE.TO ) crossed above their 200 day moving average of $20.78, changing hands as high as $21.32 per share. Cenovus Energy Inc. shares are currently trading up about 3.8% 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 $15.75 per share, with $29.11 as the 52 week high point - that compares with a last trade of $21.17.

Click here to find out which 9 other Canadian 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 Nasdaq, Inc.


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

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