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Quanta Services Crosses Below its 10-day MA (PWR)

By Shiri Gupta

Today, shares of Quanta Services (NYSE:PWR) have fallen below their 10-day MA of $22.92 on a volume of 155K 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.

Over the past year, Quanta Services has traded in a range of $16.77 to $30.61 and is now at $22.65, 35% above that low. The 200-day and 50-day moving averages have moved 0.44% lower and 1.70% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Quanta Services on February 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.17. Since that recommendation, shares of Quanta Services have risen 14.9%. We continue to monitor PWR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Quanta Services

Ticker(s): PWR