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Covanta Up 19.0% Since SmarTrend Uptrend Call (CVA)
Aug 10, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Covanta (NYSE:CVA) on February 1st, 2012 at $14.53. In approximately 6 months, Covanta has returned 19.00% as of today's recent price of $17.29.
Over the past year, Covanta has traded in a range of $12.87 to $17.56 and is now at $17.29, 34% above that low. The 200-day and 50-day moving averages have moved 0.35% higher and 0.74% higher over the past week, respectively.
Covanta Holding Corporation conducts operations in waste disposal, energy services, and specialty insurance. The Company also owns and operates waste-to-energy and power generation projects. Covanta's waste-to-energy facilities convert municipal solid waste into renewable energy for communities primarily in the United States.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Covanta shares.Log in and add Covanta (CVA) 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
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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
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