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After Yesterday's Decline of 1.85%, Wabtec Corp Offers Investors Better Value

By David Diaz

Wabtec Corp (NYSE:WAB) traded in a range yesterday that spanned from a low of $95.00 to a high of $97.96. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $96.77 on volume of 462,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wabtec Corp share prices have moved between a 52-week high of $115.40 and a 52-week low of $69.75 and are now trading 36% above that low price at $95.11 per share. The 200-day and 50-day moving averages have moved 0.43% higher and 0.67% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Wabtec Corp on September 14th, 2018 by issuing a Downtrend alert when the shares were trading at $104.28. Since that call, shares of Wabtec Corp have fallen 7.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders wabtec corp

Ticker(s): WAB