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Bearish Moving Average Cross by Wabtec Corp (WAB)

By James Quinn

Today, shares of Wabtec Corp (NYSE:WAB) have fallen below their 10-day MA of $72.00 on a volume of 103K shares. This may provide short-term investors a chance 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 $61.95 and a high of $115.40 and are now at $71.39, 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.7%.

SmarTrend recommended that subscribers consider buying shares of Wabtec Corp on June 10th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.19. Since that recommendation, shares of Wabtec Corp have risen 6.3%. 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