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Conventa -- CVA -- Barchart Chart of the Day 4/5

|Includes: Covanta Holding Corporation (CVA)'s Chart of the Day - Covanta (NYSE:CVA)

Barchart Research Team - - Mon Apr 04, 7:29PM CDT
Related Stocks
 CVA - Covanta Holding Corp.
Sym Last Chg Pct
CVA 17.59 +0.03 +0.17%

The "Chart of the Day" is Covanta (CVA), which showed up on Monday's list of stocks that had a new "Buy" signal from the Barchart "TrendSpotter" trading system. Covanta on Monday posted a new 14-month high of $17.74 and closed up +0.17%. A rally above the 2-year high of $17.85 posted in January 2010 would be a particularly bullish technical signal. In recent news on the stock, Covanta on Feb 9 reported Q4 EPS of 20 cents versus the consensus of 19 cents, initiated a regular quarterly dividend of 7.5 cents, and increased its stock buyback program by $50 million to $200 million. Covanta, with a market cap of $2.5 billion, is an owner and operator of large-scale Energy-from-Waste facilities that provide communities with an environmentally sound solution to their solid waste disposal needs by using that municipal solid waste to generate clean, renewable energy.


How we found the Chart of the Day:

We found the "Chart of the Day" by scanning the Barchart "Trading Signals" page. That page provides a summary of changes in the Barchart signals. We then clicked on the TrendSpotter "Buy" category to obtain a list of all the stocks for which the Barchart TrendSpotter trading system has just turned to a buy. We then clicked on the "Today's Opinion" column header in order to sort the list with the strongest stocks on top. Further information is available at Barchart Signals Guide help page and at TrendSpotter help page.

Barchart's Opinion trading systems are mostly a Buy and Barchart's daily TrendSpotter trading system is a "Buy." Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the web site when you read this report.

  • TrendSpotter: Buy
  • Short-Term Indicators: 80% Buy
  • Medium-Term Indicators: 100% Buy
  • Long-Term Indicators: 100% Buy
  • Overall Average 96% Buy

Barchart links for further information:

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Technical Analysis
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Trader's Cheat Sheet™

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Company Info
Company Profile
Key Statistics
Income Statement-Quarterly
Income Statement-Annual
Balance Sheet-Current
Balance Sheet-Annual

Chart of the Day Archive
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