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

By David Diaz

Quanta Services (NYSE:PWR) shares have crossed bearishly below their 10-day moving average of $33.53 on a volume of 741K 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.

In the past 52 weeks, Quanta Services share prices have been bracketed by a low of $21.60 and a high of $38.82 and are now at $32.91, 52% above that low price. 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 June 9th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.35. Since that recommendation, shares of Quanta Services have risen 5.6%. 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