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Quanta Services: The Losing Streak Continues (PWR)

By David Diaz

Quanta Services (NYSE:PWR) traded at a new 52-week low today of $31.13. Approximately 126,000 shares have changed hands today, as compared to an average 30-day volume of 1.2 million shares.

Quanta Services, Inc. provides specialized contracting services to electric utilities, telecommunication and cable television operators, and governmental entities. The Company also installs transportation control and lighting systems and provides specialty electric power and communication services for industrial and commercial customers. Quanta operates projects throughout North America.

In the past 52 weeks, shares of Quanta Services have traded between the current low of $31.13 and a high of $40.10 and are now at $31.58. The 200-day and 50-day moving averages have moved 0.29% lower and 0.26% lower over the past week, respectively.

Quanta Services (NYSE:PWR) has potential upside of 48.8% based on a current price of $31.58 and analysts' consensus price target of $47.00. Quanta Services shares should first meet resistance at the 50-day moving average (MA) of $34.03 and find additional resistance at the 200-day MA of $35.08.

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

Keywords: 52 week high/lows Quanta Services

Ticker(s): PWR