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Look for Shares of Quanta Services to Potentially Pullback after Yesterday's 1.66% Rise

By James Quinn

Quanta Services (NYSE:PWR) traded in a range yesterday that spanned from a low of $37.48 to a high of $37.97. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $37.65 on volume of 373,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Quanta Services have traded between a low of $27.90 and a high of $41.00 and are now at $37.90, which is 36% above that low price. The 200-day and 50-day moving averages have moved 0.13% higher and 0.11% lower over the past week, respectively.

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

Keywords: rebounders Quanta Services

Ticker(s): PWR