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Bullish Moving Average Cross by Quanta Services (PWR)

By Nick Russo

Today, shares of Quanta Services (NYSE:PWR) have advanced above their 10-day MA of $35.18 on a volume of 268K 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.

Over the past year, Quanta Services has traded in a range of $21.60 to $40.10 and is now at $35.80, 66% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.7%.

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

Keywords: moving crosses Quanta Services

Ticker(s): PWR