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Bearish Moving Average Cross by Wabtec Corp (WAB)

By David Diaz

Today, shares of Wabtec Corp (NYSE:WAB) have crossed bearishly below their 10-day moving average of $74.50 on a volume of 145K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Wabtec Corp share prices have moved between a 52-week high of $115.40 and a 52-week low of $65.09 and are now trading 14% above that low price at $74.25 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

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

Keywords: moving crosses wabtec corp

Ticker(s): WAB