MasTec Crosses Above its 10-day MA (MTZ)
MasTec (NYSE:MTZ) crossed over its 10-day moving average of $24.81 on a volume of 1.5 million 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 $29.30 and a 52-week low of $12.44 and are now trading 125% above that low price at $28.04 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 February 17th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.49. Since that recommendation, shares of MasTec have risen 68.2%. We continue to monitor MTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses mastec