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CVE Makes Bullish Cross Above Critical Moving Average

In trading on Wednesday, shares of Cenovus Energy Inc. (TSX: CVE.TO) crossed above their 200 day moving average of $11.33, changing hands as high as $11.35 per share. Cenovus Energy Inc. shares are currently trading up about 2.6% 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 $8.74 per share, with $14.26 as the 52 week high point — that compares with a last trade of $11.28.

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.

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