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CVE Crosses Below Key Moving Average Level


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In trading on Friday, shares of Cenovus Energy Inc. (Symbol: CVE) crossed below their 200 day moving average of $9.09, changing hands as low as $8.99 per share. Cenovus Energy Inc. shares are currently trading off about 4.4% 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 $6.76 per share, with $14.46 as the 52 week high point – that compares with a last trade of $9.01. According to the ETF Finder at ETF Channel, CVE makes up 4.62% of the Guggenheim Canadian Energy Income ETF (Symbol: ENY) which is trading lower by about 2.4% on the day Friday.

Click here to find out which 9 other energy stocks recently crossed below 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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