Stock closed at $12.26The stock's 50-day moving average of $13.28 is greater than its 200-day moving average of $12.27. Resistance is $12.27 and with today's huge move in crude prices CVE failed to close above its 200-moving day average which is disappointing. As long as the stock's price remains above the 200 SMA on the daily time frame, the stock is generally considered to be in an overall uptrend. Here is hope that it will be able to start its uptrend and soon.