Insurance Technology Industry News

TMCNet:  Covanta Shares Up 31.9% Since SmarTrend's Buy Recommendation (CVA)

[January 15, 2013]

Covanta Shares Up 31.9% Since SmarTrend's Buy Recommendation (CVA)

Jan 15, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Covanta (NYSE:CVA) on February 1st, 2012 at $14.53. In approximately 12 months, Covanta has returned 31.93% as of today's recent price of $19.17.

Over the past year, Covanta has traded in a range of $13.42 to $19.34 and is now at $19.14, 43% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]


Weekly Live Web Demonstration: Contact Center Solutions

Every Wednesday at 11:00am Eastern (4:00pm GMT).

Register today!