Watch for Continued Gains in Shares of MasTec (MTZ)
MasTec (NYSE:MTZ) traded at a new 52-week high today of $26.00. Approximately 180,000 shares have changed hands today, as compared to an average 30-day volume of 834,000 shares.
MasTec (NYSE:MTZ) has potential upside of 7.6% based on a current price of $25.91 and analysts' consensus price target of $27.89. MasTec shares have support at the 50-day moving average (MA) of $23.10 and additional support at the 200-day MA of $18.97.
MasTec, Inc. builds internal and external voice, video, data, Internet, and other computer and communications networks. The Company designs, installs, constructs, and maintains aerial, underground, and buried copper, coaxial, and fiber optic cable networks, as well as wireless antenna networks. Customers include telecommunications service providers and cable television operators.
In the past 52 weeks, MasTec share prices have been bracketed by a low of $12.86 and a high of $26.00 and are now at $25.91, 101% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 1.01% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of MasTec on July 10th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.15. Since that recommendation, shares of MasTec have risen 58.1%. 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