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TMCNet:  Uptrend Call Working As Covanta Stock Rises 26.8% (CVA)

[January 01, 2013]

Uptrend Call Working As Covanta Stock Rises 26.8% (CVA)

Jan 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Covanta (NYSE:CVA) on February 1st, 2012 at $14.53. In approximately 11 months, Covanta has returned 26.77% as of today's recent price of $18.42.

In the past 52 weeks, shares of Covanta have traded between a low of $13.31 and a high of $19.03 and are now at $18.42, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.21% higher and 0.32% 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 --------------------------------------------------------------------------------------------- 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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