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Watch for Continued Losses in Shares of Wesco Intl (WCC)

By Amy Schwartz

Shares of Wesco Intl (NYSE:WCC) traded today at $53.58, breaking its 52-week low. Approximately 83,000 shares have changed hands today, as compared to an average 30-day volume of 282,000 shares.

Wesco Intl (NYSE:WCC) has potential upside of 32.5% based on a current price of $53.80 and analysts' consensus price target of $71.30. Wesco Intl shares should first meet resistance at the 50-day moving average (MA) of $60.24 and find additional resistance at the 200-day MA of $61.59.

Over the past year, Wesco Intlhas traded in a range of $53.58 to $69.35 and are now at $53.80. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

WESCO International, Inc. distributes electrical products and other industrial maintenance, repair, and operating supplies. The Company also provides integrated supply services. WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.

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

Keywords: 52 week high/lows wesco intl

Ticker(s): WCC