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Mastec Inc Bearish Moving Average Crossover Alert (MTZ)

By David Diaz

Mastec Inc (NYSE:MTZ) shares have crossed bearishly below their 10-day moving average of $51.64 on a volume of 186K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Mastec Inc share prices have moved between a 52-week high of $55.52 and a 52-week low of $38.40 and are now trading 34% above that low price at $51.40 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

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

Keywords: moving crosses mastec inc

Ticker(s): MTZ