Shares of Canadian Oil Sands Trust Receive a Boost, Up 1.8%

Published on Tue, 04/09/2013 - 12:25
By Mallory Stone in Market movers, COSWF, canadian oil sands trust, market movers, nasdaq:coswf

One of today's stocks on the move is Canadian Oil Sands Trust (NASDAQ:COSWF), up 1.8% to $20.09. The Dow Jones Industrial Average is now trading 0.4% higher to 14,666 and the S&P is trading 0.3% higher to 1,567.

Canadian Oil Sands Trust is an open-ended investment trust that generates income from its working interest in the Syncrude Joint Venture. The Trust operates its Athabasca Oil Sands Investment Inc. subsidiary. Syncrude is involved in the mining and upgrading of bitumen from the Athabasca oil sands.

Canadian Oil Sands Trust (NASDAQ:COSWF) has potential upside of 4.0% based on a current price of $20.09 and analysts' consensus price target of $20.90. Canadian Oil Sands Trust shares should first meet resistance at the 200-day moving average (MA) of $20.64 and find additional resistance at the 50-day MA of $20.76.

In the past 52 weeks, shares of Canadian Oil Sands Trust have traded between a low of $17.71 and a high of $23.62 and are now at $20.09, which is 13% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has remained constant.

By Mallory Stone
mstone@fnno.com

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