Wabtec Bullish Moving Average Crossover Alert (WAB)
Wabtec (NYSE:WAB) crossed over its 10-day moving average of $73.70 on a volume of 108K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Wabtec share prices have moved between a 52-week high of $103.07 and a 52-week low of $60.28 and are now trading 23% above that low price at $74.38 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.4%.
SmarTrend recommended that its subscribers protect gains by selling shares of Wabtec on May 17th, 2016 by issuing a Downtrend alert when the shares were trading at $77.83. Since that call, shares of Wabtec have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses wabtec