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Bearish Moving Average Cross by Wabtec Corp (WAB)

By James Quinn

Today, shares of Wabtec Corp (NYSE:WAB) have crossed bearishly below their 10-day moving average of $111.46 on a volume of 643K 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, Wabtec Corp share prices have been bracketed by a low of $69.75 and a high of $115.40 and are now at $105.34, 51% above that low price. The 200-day and 50-day moving averages have moved 0.88% higher and 1.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Wabtec Corp on July 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.33. Since that recommendation, shares of Wabtec Corp have risen 7.5%. We continue to monitor WAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses wabtec corp

Ticker(s): WAB