• Return to Headlines

Shares of Mastec Inc Has Risen Above Previous 52-Week High

By Shiri Gupta

Shares of Mastec Inc (NYSE:MTZ) traded at a new 52-week high today of $65.28. Approximately 225,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

MasTec, Inc., an infrastructure construction company, provides engineering, building, installation, maintenance, and upgrade services for communications, energy, and utility infrastructure primarily in the United States and Canada.

In the past 52 weeks, Mastec Inc share prices have been bracketed by a low of $37.24 and a high of $65.28 and are now at $65.28, 75% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.2%.

Mastec Inc (NYSE:MTZ) is currently priced 4.4% above its average consensus analyst price target of $62.42. The stock should discover initial support at its 50-day moving average (MA) of $56.08 and subsequent support at its 200-day MA of $48.61.

SmarTrend recommended that subscribers consider buying shares of Mastec Inc on June 5th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $49.68. Since that recommendation, shares of Mastec Inc have risen 30.7%. We continue to monitor MTZ for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mastec inc

Ticker(s): MTZ