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Bullish Moving Average Cross by MasTec (MTZ)

By Nick Russo

Today, shares of MasTec (NYSE:MTZ) have advanced above their 10-day MA of $44.52 on a volume of 471K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

MasTec share prices have moved between a 52-week high of $47.90 and a 52-week low of $12.44 and are now trading 269% above that low price at $45.85 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 3.2% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of MasTec on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.78. Since that recommendation, shares of MasTec have risen 12.1%. We continue to monitor MTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses mastec

Ticker(s): MTZ