Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Shares of CVE Down 32.0% Since Downtrend Call on Shares

May 19, 2017 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified a Downtrend for Cenovus Energy (NYSE:CVE) on January 23rd, 2017 at $14.16. In approximately 4 months, Cenovus Energy has returned 32.00% as of today's recent price of $9.63.

Over the past year, Cenovus Energy has traded in a range of $9.10 to $19.28 and is now at $9.62, 6% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has remained constant.

Cenovus Energy Inc. is an integrated oil company. The Company comprises natural gas, crude oil, and natural gas liquids reserves.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cenovus Energy.

Log in and add Cenovus Energy (CVE) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

Copyright, Comtex News Network, Inc. 2017

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 49.87
Nat Gas 3.295
Corn 374 2/8
Cotton #2 77.09
Gold 1266.7
Copper 2.5685
Euro 1.11935
USD Index 97.364
SP500 E-mini 2414.75
DJIA E-mini 21066
close_icon
open_icon