Wabtec Crosses Below its 10-day MA (WAB)
Wabtec (NYSE:WAB) shares have crossed bearishly below their 10-day moving average of $80.94 on a volume of 772K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Wabtec has traded in a range of $60.28 to $103.07 and is now at $76.45, 27% above that low. 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 subscribers consider buying shares of Wabtec on August 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $73.49. Since that recommendation, shares of Wabtec have risen 11.4%. We continue to monitor WAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses wabtec