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Quanta Services (PWR) Approaches New Downside Target of $31.18

By David Diaz

Shares of Quanta Services (NYSE:PWR) have bearishly opened below the pivot of $31.91 today and have reached the first support level of $31.44. Should the shares continue to fall, the support pivots of $31.18 and $30.45 will be of interest.

Over the past year, Quanta Serviceshas traded in a range of $0.00 to $40.10 and are now at $0.00. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.3%.

Quanta Services (NYSE:PWR) has potential upside of 0.0% based on a current price of $0.00 and analysts' consensus price target of $47.00. Quanta Services shares should first meet resistance at the 50-day moving average (MA) of $34.03 and find additional resistance at the 200-day MA of $35.08.

SmarTrend is tracking the current trend status for Quanta Services and will alert subscribers who have PWR in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts Quanta Services

Ticker(s): PWR