Powered by

Cenovus Energy increases 1.1% after finding support March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

Cenovus Energy Inc. (TSX:CVE), Canada's 3rd largest Oil & gas - integrated company by market cap, has increased 1.1% after hitting the lower Bollinger Band twice in the last ten days. This is a bullish signal. The lower Bollinger Band marks the trajectory of support on a stock price. The stock price has increased 19.0c (1.1%) from its last trading session of February 28 to close at CAD16.99. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the...