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MasTec Crosses Above its 10-day MA (MTZ)

By James Quinn

MasTec (NYSE:MTZ) crossed over its 10-day moving average of $28.43 on a volume of 530K 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.

In the past 52 weeks, MasTec share prices have been bracketed by a low of $12.44 and a high of $31.15 and are now at $29.15, 134% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 3.2%.

SmarTrend is tracking the current trend status for MasTec and will alert subscribers who have MTZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses mastec

Ticker(s): MTZ