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Bearish Moving Average Cross by Quanta Services (PWR)

By James Quinn

Today, shares of Quanta Services (NYSE:PWR) have fallen below their 10-day MA of $32.24 on a volume of 209K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Quanta Services have traded between a low of $16.77 and a high of $38.82 and are now at $31.91, which is 90% 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 0.4%.

SmarTrend is monitoring the recent change of momentum in Quanta Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Quanta Services in search of a potential trend change.

Keywords: moving crosses Quanta Services

Ticker(s): PWR