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Stock to Watch: Cenveo Up 5.2% (CVO)Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- Cenveo (NYSE:CVO) is one of today's best performing low-priced stocks, up 5.2% to $2.63 on 2.0x average daily volume. Cenveo has traded 890,000 shares thus far today, vs. average volume of 456,000 shares per day. The stock has outperformed the Dow (5.2% to the Dow's 0.9%) and outperformed the S&P 500 (5.2% to the S&P's 0.9%) during today's trading. In the past 52 weeks, shares of Cenveo have traded between a low of $1.46 and a high of $5.25 and are now at $2.63, which is 80% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has slid 0.2%. Cenveo Inc. specializes in commercial printing, envelopes, labels, printed office products, and extrusion coating and laminating. The Company operates printing plants and sales offices throughout North America and the United Kingdom. Cenveo has overhead space with shares priced $2.63, or 56.6% below the average consensus analyst price target of $6.06. The stock should find initial support at its 50-day moving average (MA) of $2.54 and further support at its 200-day MA of $2.24. SmarTrend recommended that subscribers consider buying shares of Cenveo on June 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.25. Since that recommendation, shares of Cenveo have risen 11.4%. We continue to monitor CVO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |