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Wabtec Corp: 52-Week High Recently Eclipsed (WAB)

By David Diaz

Wabtec Corp (NYSE:WAB) traded today at a new 52-week high of $104.98. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 658,000 shares.

Over the past year, Wabtec Corp has traded in a range of $69.20 to $104.98 and is now at $104.98, 52% above that low. The 200-day and 50-day moving averages have moved 0.64% higher and 1.10% higher over the past week, respectively.

Wabtec Corp (NYSE:WAB) is currently priced 6.6% above its average consensus analyst price target of $98.08. The stock should find initial support at its 50-day moving average (MA) of $98.09 and further support at its 200-day MA of $83.94.

Wabtec Corporation, doing business as Westinghouse Air Brake Technologies Corporation, provides technology products and services for the rail industry on a worldwide basis. The Company manufactures a range of products for locomotives, freight cars, and passenger transit vehicles. Wabtec also builds new locomotives and provides aftermarket services.

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

Keywords: 52 week high/lows wabtec corp

Ticker(s): WAB