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Possible Trend Reversal, Wabtec Corp Down on Heavy Volume (WAB)

By David Diaz

Shares of Wabtec Corp are trading today in above average volume, with the share price falling 6.6% to $104.69. Today's volume of 777,000 shares tops the average 30-day volume of 643,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that subscribers consider buying shares of Wabtec Corp on July 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.33. Since that recommendation, shares of Wabtec Corp have risen 7.5%. We continue to monitor WAB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 51% above that low price at $105.34 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.0%.

Keywords: unusual volume wabtec corp

Ticker(s): WAB