Covanta Holding Corporation (CVA) broke out on Wednesday over $20.08 and reaffirmed the continuation of the earlier rising trend. Stock just moved on Wednesday a 0.15% closing at $20.11 and marking the new all-time highs at $20.13.
Covanta shares started an uptrend in September 2020, and grew a gorgeous 176.62%. The price action shows higher highs and higher lows, and along the way gave some entry points for those who wanted to enter. Latest low was last May, when price bounced at $14.37. On Wednesday, Covanta broke out above its last top ($20.08) giving a good buy point
Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and internationally. It owns and operates infrastructure for the conversion of waste to energy (WtE), as well as engages in related waste transport and disposal, and other renewable energy generation businesses.. The stock is part of the Waste Management industry in the Capital Goods sector. Headquarters are based in Morristown, United States, and employs 4,000 people worldwide. Its corporate website is http://www.covanta.com.