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|CVI Breaks Above 8% Yield Territory
Wednesday, September 5, 3:27 PM ET, by Market News Video Staff
In trading on Wednesday, shares of CVR Energy Inc (CVI) were yielding above the 8% ...
Ex-Dividend Reminder: ONEOK, CVR Energy and CVR Refining
Wednesday, October 31, 9:58 AM ET, by Market News Video Staff
On 11/2/18, ONEOK Inc (OKE), CVR Energy Inc (CVI), and CVR Refining LP (CVRR) will ...
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First Week of CVI January 2019 Options Trading
Wednesday, November 21, 10:35 AM ET, by Market News Video Staff
Investors in CVR Energy Inc (CVI) saw new options become available this week, for the ...
CVR Energy (CVI) Passes Through 8% Yield Mark
Monday, December 10, 3:11 PM ET, by Market News Video Staff
In trading on Monday, shares of CVR Energy Inc (CVI) were yielding above the 8% ...
Shares of CVI Now Oversold
By Energy Stock Channel Staff, Monday, August 12, 3:51 PM ET
In trading on Monday, shares of CVR Energy Inc (NYSE:CVI) entered into oversold territory, changing hands as low as $44.36 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of CVR Energy Inc, the RSI reading has hit 28.9 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 40.7, the RSI of WTI Crude Oil is at 44.4, the RSI of Henry Hub Natural Gas is presently 40.4, and the 3-2-1 Crack Spread RSI is 24.6.
A bullish investor could look at CVI's 28.9 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.
Looking at a chart of one year performance (below), CVI's low point in its 52 week range is $30.46 per share, with $55.5228 as the 52 week high point — that compares with a last trade of $44.45. CVR Energy Inc shares are currently trading off about 2.2% on the day.
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