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Bullish Moving Average Cross by Mastec Inc (MTZ)

By James Quinn

Mastec Inc (NYSE:MTZ) crossed over its 10-day moving average of $45.72 on a volume of 175K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Mastec Inc have traded between a low of $20.86 and a high of $55.53 and are now at $46.00, which is 121% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 3.22% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Mastec Inc on February 9th, 2018 by issuing a Downtrend alert when the shares were trading at $48.92. Since that call, shares of Mastec Inc have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses mastec inc

Ticker(s): MTZ