user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 482263 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Volume Spike Detected in Shares of Covanta as They Move Higher on 2.0x Above-Average Volume (CVA)

Published on Thu, 04/18/2013 - 13:12
By Adrienne Chilton

Covanta's stock is up 0.9% to $19.40 on heavy trading volume. Approximately 1.1 million shares have changed hands today vs. average 30-day volume of 566,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Covanta has overhead space with shares priced $19.40, or 10.3% below the average consensus analyst price target of $21.62. The stock should find resistance at its 50-day moving average (MA) of $19.69, as well as support at its 200-day MA of $18.29.

Over the past year, Covanta has traded in a range of $15.29 to $20.26 and is now at $19.40, 27% 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 remained constant.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Shares of Xerox (NYSE:XRX) traded at a new 52-week high today of $13.88. This new high ...

Web.com Group Inc: New 52-Week Low Set T...

Shares of Web.com Group Inc (NASDAQ:WWWW) traded at a new 52-week low today of $18.80. ...

Shares of Washington Real Estate Investm...

Washington Real Estate Investment Trust (NYSE:WRE) traded at a new 52-week high today o ...

Watch for Continued Gains in Shares of W...

Shares of WPX Energy (NYSE:WPX) traded today at $26.76, breaking its 52-week high. Thi ...

VCA Antech: 52-Week High Recently Eclips...

VCA Antech (NASDAQ:WOOF) traded today at a new 52-week high of $41.12. This new high w ...

WellPoint Looks to Continue to Trade Abo...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $117.32. Approximately 862, ...

Whiting Petroleum: 52-Week High Recently...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $92.92, breaking its 52-week hig ...

Shares of Vector Group Rise Above Previo...

Vector Group (NYSE:VGR) traded today at a new 52-week high of $23.76. So far today app ...