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Quanta Services Bearish Moving Average Crossover Alert (PWR)

By David Diaz

Quanta Services (NYSE:PWR) shares have crossed bearishly below their 10-day moving average of $34.50 on a volume of 225K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Quanta Services share prices have been bracketed by a low of $32.19 and a high of $40.10 and are now at $34.18, 6% above that low price. The 200-day and 50-day moving averages have moved 0.14% lower and 0.22% lower over the past week, respectively.

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