Moving Average Crossover Alert: CVR Energy, Inc. (CVI) - Tale of the Tape
30 August 2013 - 8:39PM
Zacks
CVR Energy, Inc.
(CVI) could be a stock to avoid from a technical
perspective, as the firm is seeing unfavorable trends on the moving
average crossover front. Recently, the 50 Day Moving Average for
CVI broke out below the 200 Day Simple Moving Average,
suggesting short-term bearishness.
This has already started to take place, as the stock has moved
lower by 6.7% in the past four weeks. Plus, the company
currently has a Zacks Rank #5 (Strong Sell) meaning that
now could definitely be the time to get out of this potentially
in-trouble stock.
CVR ENERGY INC (CVI): Free Stock Analysis Report
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