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Bearish Moving Average Cross by Quanta Services (PWR)

By David Diaz

Today, shares of Quanta Services (NYSE:PWR) have crossed bearishly below their 10-day moving average of $34.01 on a volume of 125K 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, Quanta Services share prices have been bracketed by a low of $21.60 and a high of $40.10 and are now at $33.67, 56% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Quanta Services and will alert subscribers who have PWR in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Quanta Services

Ticker(s): PWR