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Wabtec Corp Crosses Below its 10-day MA (WAB)

By James Quinn

Today, shares of Wabtec Corp (NYSE:WAB) have crossed bearishly below their 10-day moving average of $66.80 on a volume of 260K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Wabtec Corp share prices have moved between a 52-week high of $115.40 and a 52-week low of $61.00 and are now trading 9% above that low price at $66.39 per share. The 200-day and 50-day moving averages have moved 0.44% lower and 0.03% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Wabtec Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Wabtec Corp in search of a potential trend change.

Keywords: moving crosses wabtec corp

Ticker(s): WAB