Insurance Technology Industry News

TMCNet:  Uptrend Call Working As Covanta Stock Rises 29.5% (CVA)

[December 10, 2012]

Uptrend Call Working As Covanta Stock Rises 29.5% (CVA)

Dec 10, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Covanta (NYSE:CVA) on February 1st, 2012 at $14.53. In approximately 10 months, Covanta has returned 29.53% as of today's recent price of $18.82.

Over the past year, Covanta has traded in a range of $12.87 to $19.03 and is now at $18.82, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.2%.

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

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