Week Performance at 0.56497175 for Covanta Holding Corporation (NYSE:CVA) Watching the Levels on These Shares

Traders may be going deeper into the playbook in order to scoop up profits in the current stock market environment. The first half of the year has produced plenty of big winners. Investors will be closely monitoring the most recent earnings releases to hopefully spot the next big mover. Traders may be looking to more closely define some major trends in order to identify which way the momentum is going to carry the stock market into the close of the calendar year. Keeping track of all the financial news and global happenings can be a tall order, even for the most seasoned investors. Staying the course while following a sound investing plan can help the individual investor become prepared for whatever lies ahead. The optimists still believe there is much more room for growth in the markets while the pessimists are calling for a major reversal in the near future. Traders and investors will be closely tracking the major economic news to help come to a solid conclusion about which way the markets are headed. Staying up on the fundamentals as well as the popular technical indicators may help the investor sort through the maze and prepare for the next stage.

Traders may be looking at some EMA levels on company shares. The exponential moving average can be very useful when applied correctly. They tend to work well when markets are trending. Here’s a look at some popular EMA levels for Covanta Holding Corporation (NYSE:CVA) :

50 day EMA: 17.685669
100 day EMA: 17.41828
200 day EMA: 16.97564
10 day EMA: 17.759178
20 day EMA: 17.774094
30 day EMA: 17.758303

Investors may be interested in the current Bull Bear Power reading on the stock which is currently at -0.030248038. Investors may also be looking at some historical volatility numbers. Volatility for the month is presently 1.9490358. Looking back for the previous week, volatility is 2.0680637.

Investors tracking shares of Covanta Holding Corporation (NYSE:CVA) will note that the stock has seen a change of 0.7640068% since the open. Shares recently finished the previous session at 17.805. The one month high for the stock is currently standing at 18.25.

Technical stock analysts are always using every possible piece of information to help make the best possible trades. A popular flexible indicator is the Ichimoku Cloud. This indicator can help portray the momentum and trend direction of a stock. Ichimoku signals can help the trader find possible entry and exit points. Checking on some recent indicator levels, we note that the Ichimoku Could Conversion Line level is 17.715, and the Ichimoku Cloud Base Line level is 17.835. Tracking some variations, the Ichimoku Lead 1 is presently 17.535, and the Lead 2 level is 17.33.

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Switching the focus to the Awesome Oscillator, we see that the present reading is -0.06266177. Traders may be watching this oscillator to help identify a change in momentum. The AO can be a useful tool when trying to understand certain price movements.

Traders often use pivot point indicators when conducting technical stock analysis. Pivot points are commonly used to help identify trends of various time periods. Let’s check on some different one month pivot points:

Camarilla: 17.843334
Classic: 17.843334
Classic resistance 1: 18.246666
Classic support 1: 17.566668
Fibonacci: 17.843334
Fibonacci support 1: 17.583572
Fibonacci support 2: 17.423094
Woodie: 17.77
Woodie support 1: 17.42
Woodie resistance 1: 18.1

Traders may be keeping a close eye on shares of Covanta Holding Corporation (NYSE:CVA). Looking at past price performance may help them gauge how the stock will react in the future. Keeping in mind the most recent close price of 17.805, we note that the stock has seen a move of 0.56497175 over the previous week. Looking back out over the last month, the stock has moved 0.45146728. Over the past three months, the stock has seen a change of 3.3681765. Investors may want to go back even further to see what has transpired over a longer period of time. Since the start of the calendar year, shares have changed 32.637856. Going back a full 52 weeks, the stock has seen a change of 14.469454 over that period of time.

For the novice investor, the stock market can sometimes be a scary place. Many investors may be ready to jump into the ring, but they might not have the proper training. Finding a stock market strategy that puts the investor on the winning side is not an easy task. There is a plentiful amount of information regarding the equity market. Knowing what information to focus on can be the key to sustained success. Investors who are able to sift through the noise and stick to a sturdy stock picking plan, may be in a much better position when tough portfolio decisions need to be made. Many investors will instinctually want to jump in to a stock that has taken off running. Sometimes this may work out positively, but it can also lead to significant losses and second guessing. If all the proper research is completed, investors may feel more at ease with their selections going forward. Of course there will be times when the research does not turn into expected profits, but knowing how to let go of those stocks may help the investor in the long run.